J.C.I.D.A. /Revolving Loan Fund (RLF)
The Jefferson County Industrial Development Agency/Revolving Loan Fund is a financing program targeted at manufacturing businesses located within Jefferson County. The fund is administered by the Jefferson County Job Development
Corporation.
Contact:
James Fayle at (315) 782-5865
Eligibility Criteria
1. Loans generally range form $25,000 to $200,000 or 50% of total project
costs, whichever is less. Generally $15 - 20,000
loan value/job ratio.
2. Generally, loans will carry a interest rates from 5.5% to 7.5% per
annum, fixed. Rates determined on a project
specific basis.
3. Businesses located within the Watertown Economic Development Zone may be
eligible for a deferred interest
program in regard to the JCIDA/RLF.
Five (5) copies of the
completed application
are due the first day of the month,
and are reviewed by the board on the first Thursday of
the following month.
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