Businesses may apply through September 30
MONTICELLO, N.Y. (September 16, 2011) – Sullivan County businesses that suffered damage from the recent severe weather, including Hurricane Irene and Tropical Storm Lee, can apply for a low-interest loan from The Sullivan County Partnership for Economic Development.
A $100,000 fund has been created, thanks to the generous donations of $25,000 from Empire Resorts and Entertainment Properties Trust, $50,000 from The Louis R. Cappelli Foundation, and $25,000 from the Sullivan County Partnership’s business loan fund. $10,000 has been directed by The Louis R. Cappelli Foundation as a grant to Holiday Mountain Ski and Fun Park to assist with job retention and recovery from the hurricanes.
Businesses can apply for a maximum loan of $10,000 at 1% interest for up to five years. The Partnership has also waived the normal application fees. The deadline to apply is September 30, 2011.
“It is terrific when our corporate citizens step forward in a time of need to help our community,” said Allan Scott, President and CEO of the Partnership. “We are excited they selected the Partnership for this important role and proud to contribute $25,000 in resources from our business loan fund.”
For more information, or to request an application, please call the Sullivan County Partnership at 845-794-1110.
