Wyoming County Micro-Loan Program
If you need help starting or growing your business in Wyoming County, our Micro-Loan Program could be just what you need! We offer a low interest fixed-rate micro-loan program for qualified startup and existing businesses. Micro-loans range from a minimum of $10,000 to a maximum of $50,000.
The current interest rate is 2% and the terms are five to seven years. Funds may be used for working capital, furniture, fixtures, equipment, inventory, materials and supplies. Refinancing of existing debt is not eligible. This program is designed to serve as gap financing or if a borrower has been declined by a bank. The focus of the program is to support underserved markets, including low-income borrowers or those with little to no credit history.