Financial Resources
Financial Resources
Franklin County has over 1,350 small businesses. The Adirondack Frontier Small Business Program helps these businesses access funding and financing support through our programs or our regional partners’ programs. This support is available to start, grow or transition your business.
Our current funding or financing opportunities are listed below. If your needs do not align with one of our current programs, we still want to hear from you.
- Frontier Loans
- Microenterprise Grants
- Program Recipients
Frontier Loans
FCEDC’s loans provide financing for small businesses and non-profit organizations that are unable to secure financing through traditional sources. Although we can lend up to $250,000, typical loans vary between $50,000- $100,000. Strategic priorities of the loan fund include:
- Alignment with the Franklin County Comprehensive Economic Development Strategy
- Supporting downtown revitalization
- Reducing community blight
- Encouraging retail or service businesses that provide for a demonstrated need that is unmet or insufficiently available in the community
- Supporting value-added forestry, agriculture and food entrepreneurship businesses
- Supporting businesses transitioning to new ownership
Loan applications require:
- Proof that financing is not available through a traditional lender
- A business plan
- Existing financials and future financial projections
- Tax returns
Review the loan guidelines for additional requirements, including information on the application review and approval process. Contact us to learn more.
Microenterprise Grants
FCEDC frequently partners with local governments and non-profit organizations to apply for grant funding for small businesses. Grant amounts and eligibility requirements vary by program but funding for eligible businesses for the following activities:
- Inventory
- Procurement of machinery, furniture, fixtures and equipment
- Working capital
- Reimbursement of the cost to attend the required entrepreneurial training
To determine eligibility, please complete this form.
Program Recipients
