SBA Microloans
CEDC makes SBA Microloans to small, medium, and even large businesses. Funded by the U.S. Small Business Administration (SBA), all lending decisions are made locally. Microloans are available to for-profit businesses in both Columbia and Greene Counties. All Microloans come with free technical assistance from CEDC staff and consultants.
CEDC Revolving Loan Fund
CEDC maintains a revolving loan fund for start-up and expanding businesses that create jobs in Columbia County. Interest rates and terms are competitive. Businesses must meet lending criteria established by CEDC.
Capital Funding: Revenue Bonds
The Columbia County Industrial Development Agency (IDA) issues tax-exempt Industrial Revenue Bonds on behalf of companies that are acquiring or improving facilities. These bonds make it possible for smaller companies to get financing at the lower interest rates that FORTUNE 500 companies pay. A wide range of companies and projects are eligible for IDA financing, from factories to day care centers. However, IDA financing is appropriate for amounts from $1 million to $10 million, and our policy favors industrial enterprises.
Loan Policy Manual
