Q: Do you have grants available for businesses?
A: Generally there are no grants available for private sector businesses.
Q: Is funding available for both start-up and existing businesses?
A: Yes, both start-up and existing businesses may apply for a low interest loan.
Q: How much funding is available in the form of a low interest business loan?
A: Funding generally ranges between $2,500.00 to $200,000.00 per qualifying project.
Q: What are your interest rates?
A: Interest rates range from 0% to 3% depending on the particular low interest loan program.
Q: How long is the loan application process?
A: The loan application from start to approval could take as little as two weeks.
Q: Will a business be required to create jobs to qualify for a low interest loan?
A: That depends on the particular guideline for the low interest loan program you are considering applying for.
Q: Do you have a HUBZone in the Town of Union?
A: Yes, there are some federal qualifying census tracts.
Please contact the Town of Union Economic Development Office at (607) 786-2945 for additional information.