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I.D.A. Small Business Loans

Apply for a Low Interest Small Business Loan from the Hamilton County IDA

Funds available to qualifying HAMILTON COUNTY businesses at rates of 3 percent in amounts from $2,500 to $50,000, terms from 5 to 10 years.  Larger loans may be available and require JOB CREATION.  There is an application fee of $500.  If there are no legal, mortgage or other expenses incurred, the balance of the fee will be returned.

Eligible Uses of Program Funds:

  • Capital equipment expenses
  • Inventory Working Capital
  • Construction
  • Other justifiable business purposes.

Here's What You Will Need to Start the Ball Rolling:


Your Business Plan , a separate statement explaining what you intend to do with a loan to improve or sustain your business and a completed questionnaire (form found on this page). If the preliminary information is in order, financial information and a personal interview will also be required. All financial information is held in strictest confidence.


You must provide a business plan, a completed questionnaire (form found on this page) and a statement of how an IDA loan will be used. Further financial information and a personal interview will also be required after review of your preliminary information. All financial information is held in strictest confidence.

Please note the following components that your business plan MUST for loan consideration:

1. Executive Summary – Overview of the business
2. Competitive Assessment (names, locations and websites of your competitors, how do they compete,  reasons why they are successful – or not)
3. Description of the Operation – Personnel, Responsibilities
4. Unique Offering – Why you will succeed, what differentiates your product or service from your competitors'
5. Product Offering – Description, Costs, Sources
6. Five (5) Year Profit and Loss (P&L) Projections (First year monthly)
7. Three (3) Year Cash Flow Projections By Month

COLLATERAL: Please include a list of assets that may be used to secure the loan: real property equity, equipment, vehicles, etc.

Call Christy Wilt with questions: 518 548-3078

Click  HERE  or the Pre-Application Questionnaire

Click   HERE   for the complete Business Loan Application Form

Click   HERE   for the HUD 2015 Income Limits (definitions) for Hamilton County, NY

Click  HERE for the application fee policy

Please mail completed Business Loan Application Form to:

Hamilton County IDA
PO Box 57
Lake Pleasant, NY  12108

The Hamilton County Industrial Development Authority is an equal opportunity lender.