Tompkins County Area Development (TCAD) is introducing a short-term emergency relief fund for businesses in Tompkins County that have been impacted by the Coronavirus pandemic. The Emergency Relief Loan Program (The Fund) will provide 3-year term loans to traded sector businesses whose customers are regional or national in scope--businesses that primarily sell products or services outside Tompkins County.
According to Heather McDaniel, TCAD’s president, “TCAD and the Tompkins County Development Corporation unanimously agreed to provide funding for this new program. We want to be part of the financial solution that keeps business and industry operating during this difficult time.”
The loan will be for working capital to:
Eligible Loan Uses Include:
There is no cost to apply. There are no closing costs and no filing fees. However, the loan may not be used to pay off existing loans or debt. The loans will be available until funds are committed or until October 1, 2020. For further information and to request an application please contact Kathy May at firstname.lastname@example.org.
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