FAQs

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