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Micro-Enterprise Loan Program
KLDC offers low-interest micro-enterprise loans of up to $7,500 to support small business entrepreneurs. This program is designed for new and early-stage businesses in Kingston that may face challenges securing financing from traditional lenders.
KLDC’s Micro-Enterprise Loan Program provides essential seed capital to help businesses launch, expand, or sustain their operations. Whether you’re starting out or looking to take the next step in growing your business, this program offers the financial boost needed to move forward.
Eligibility Overview
- Applicant must reside in Ulster County
- Business must be located within the City of Kingston
- Applicant must be a minimum of 21 years of age
- Applicant must be the owner of the business for which loan is being applied for
- Loans can be used for working capital and the purchases of fixed assets, including real estate
- Loans should promote employment at that business
- Project should have an economic impact on the City of Kingston
- Borrower must show ability to repay
If you’re a small business owner in Kingston seeking accessible funding, KLDC is here to help.
Learn more about eligibility and how to apply today!