Working Capital Loans
CEDC’s working capital loans provide access to $15,000 with borrower‑friendly terms including:
- Competitive fixed interest rate of 6.75% with automatic payment enrollment (7.75% without enrollment)
- Payments as low as $358 over a 4‑year term
- No pre‑payment penalty: pay off early with zero fees
- Free ongoing technical assistance: expert support throughout the life of the loan
- Streamlined approval process
Who Should Apply?
This program is ideal for small businesses ready to expand, stabilize cash flow, invest in equipment, or strengthen day‑to‑day operations. Eligible applicants must meet the following criteria:
- Business located in Columbia or Greene County
- In business for at least two years
- Minimum credit score of 650
- Personal guaranty required from business owner(s)
- Approval subject to standard underwriting requirements
No Closing Costs
To help businesses take advantage of this opportunity, CEDC is waiving the $150 closing cost for complete applications received by June 30, 2026 (subject to availability of funds).
Apply Today
For an application or more information, please contact:
Martha Lane or Steve VanDenburgh
Phone: 518‑828‑4718
Email: loans@columbiaedc.com
SBA Microloans
CEDC makes SBA Microloans to small, medium, and even large businesses. Funded by the U.S. Small Business Administration (SBA), all lending decisions are made locally. Microloans are available to for-profit businesses in both Columbia and Greene Counties. All Microloans come with free technical assistance from CEDC staff and consultants.
CEDC Revolving Loan Fund
CEDC maintains a revolving loan fund for start-up and expanding businesses that create jobs in Columbia County. Interest rates and terms are competitive. Businesses must meet lending criteria established by CEDC.
Capital Funding: Revenue Bonds
The Columbia County Industrial Development Agency (IDA) issues tax-exempt Industrial Revenue Bonds on behalf of companies that are acquiring or improving facilities. These bonds make it possible for smaller companies to get financing at the lower interest rates that FORTUNE 500 companies pay. A wide range of companies and projects are eligible for IDA financing, from factories to day care centers. However, IDA financing is appropriate for amounts from $1 million to $10 million, and our policy favors industrial enterprises.