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Ithaca Area Economic Development Revolving Loan Fund
Gap financing for Tompkins County businesses creating or retaining jobs, including Ithaca employers.
About this program
Ithaca Area Economic Development administers a Revolving Loan Fund that provides gap financing to support business expansion, retention, and job creation in Tompkins County. The fund is intended to complement private financing and help projects move forward when a financing gap remains. Eligible uses can include fixed assets, machinery and equipment, working capital, real estate improvements, and other business growth costs tied to job creation or retention.
Eligibility
Businesses in Ithaca or Tompkins County that need gap financing for a project that creates or retains jobs and can demonstrate repayment capacity and project feasibility.
Requirements
- Operate or propose a business project in Ithaca or Tompkins County
- Demonstrate a financing gap after private financing or other sources
- Use funds for eligible business development costs such as equipment, fixed assets, working capital, or real estate improvements