The micro-enterprise loan/grant program, which has been used by a number of businesses in downtown Batavia over the years to help them get started or expand is now available to any business in Genesee County, the Chamber of Commerce announced today.
The program provides cash for small businesses (five or fewer employees, including the owner) in a loan (75 percent) and grant (25 percent) format so businesses can hire more people, buy new equipment or make other business improvements that will lead to greater employment.
The program is designed to augment private funding sources when traditional loans are either unaffordable or unavailable.
Full press release after the jump:
The Genesee County Chamber of Commerce announced today the availability of a micro-enterprise loan/grant program (75% loan, 25% grant) for small businesses located in Genesee County. The program is designed to augment private funding sources when other funding is unaffordable or unavailable. While standard commercial lending policies will apply, interest rates and repayment terms will feature affordability and flexibility generally not offered by banks.
Eligible borrowers must be micro-enterprise business owners with five employees or fewer (including the owner). Funds may be used for any legitimate business purpose including, but not limited to, capital equipment, inventory, and working capital.
The Genesee County Chamber of Commerce is an equal opportunity organization and therefore will not discriminate on the basis of race, gender, political affiliation, disability, or any category designated by Federal law.
For applications and/or program details, contact the Genesee County Chamber of Commerce at 210 East Main Street, Batavia, 585-343-7440.
