Plattsburgh city leaders taking a big step tonight in helping downtown businesses impacted by ongoing road construction.The Common Council unanimously approved the “Business Revolving Loan Fund.” It makes $30,000 available to downtown businesses that qualify.They can use it for paying the bills, improving their building, equipment and other interior needs.No payments on the loan will happen for the first year. Businesses can avoid paying interest in the second year of the loan by enrolling in support services that are being provided by SUNY Canton. This includes one-on-one advisors to help with a business plan. The deadline to apply for the loans is Oct. 27.
Plattsburgh city leaders taking a big step tonight in helping downtown businesses impacted by ongoing road construction.
The Common Council unanimously approved the “Business Revolving Loan Fund.” It makes $30,000 available to downtown businesses that qualify.
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They can use it for paying the bills, improving their building, equipment and other interior needs.
No payments on the loan will happen for the first year. Businesses can avoid paying interest in the second year of the loan by enrolling in support services that are being provided by SUNY Canton. This includes one-on-one advisors to help with a business plan.
The deadline to apply for the loans is Oct. 27.
