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Ulster County to relaunch $1.5 million revolving loan fund for small businesses and nonprofits
Summary
Economic development director Kevin Lynch told the committee on Dec. 9 that Ulster County will relaunch a $1.5 million revolving loan fund to finance small businesses and nonprofits, with outreach beginning Dec. 6 and loans expected to range from $25,000 to $150,000.
Kevin Lynch, Ulster County director of economic development, told the committee on Dec. 9 that the county will relaunch a $1,500,000 revolving loan fund intended to help small businesses and nonprofit organizations access low-cost financing.
Lynch outlined an outreach timeline that begins Dec. 6 with a public campaign, an online pre-application eligibility quiz on Dec. 9, a kickoff webinar on Dec. 16 and a follow-up webinar in January. Lynch said the county aims to gather stakeholder feedback, build an application pipeline and publish an FAQ from webinar questions.…
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