Westchester County and Empire State Development to Present Access to Capital Program for Small Businesses
Small businesses looking for funds to grow their operations are urged to attend a special Access to Capital program to be held on Wednesday, September 18 at 6 pm at the Yonkers Public Library Riverfront Branch, 1 Larkin Center.
“Westchester County is pleased to be partnering with Empire State Development in presenting this valuable program for small companies looking to expand their operations. Small businesses are the engine for economic growth in Westchester and having access to capital is key to their continued success,” said Westchester County Executive George Latimer.
The program, presented by Westchester County Executive George Latimer, Westchester County Office of Economic Development and Empire State Development, will focus on the Metropolitan Economic Revitalization Fund (MERF) Revolving Loan Program, a new initiative for lower Westchester County.
The MERF Revolving Loan Program provides capital to small business located within eligible communities in lower Westchester. To encourage lending through the MERF fund, up to $4 million in capital has been provided to participating lenders in New York State. Participating lenders include BOC Capital Corporation, Community Capital New York, Inc., Excelsior Growth Fund and TruFund Financial Services, Inc. Loan amounts up to $150,000 are available for fixed asset purchases and working capital needs. Capped interest rates are set by the individual lenders.
The Access to Capital program is free and no RSVP is required. For more information, visit westchestergov.com.
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