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Posted on: March 24, 2020

Small Business Loan USDA

      CITY OF MECHANICVILLE 

         SMALL BUSINESS OWNERS

 

      The City of Mechanicville, in an effort to assistsmall businesses in this extraordinary time, has USDA Small Business Loan money available for small businesses.  The loans are offered at 0% interest for a 3 or 5 year payback depending on the amount borrowed.   The maximum amount allowed to borrow is $10,000 however the City may modify the amount allowed to borrow depending on the number of businesses applying for funds.  The loan program has been amended to allow repayments to begin on October 1, 2020.  The loans, for those who qualify, will be awarded on a first come, first serve basis.  

 

    If you are interested or have questions about the program contact Commissioner of Accounts Mark Seber at mark.seber@mechanicvilleny.gov.   Since City Hall is not open, please respond by email.  Please include your contact information so we may respond toyou with the information you are requesting.

 

                                                                        Mechanicville City Council  

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