Micro Advantage Small Business Loan Program

The Micro Advantage Loan Program can be used for nearly any business financing need, from working capital to equipment purchases and more. Most small businesses are eligible with special features for certified M/WBE and Service Disabled Veteran owned businesses.

This Micro Advantage Loan Program provides loans from $10,000 to $50,000 to help small businesses with most business related costs. The Micro Advantage Loan Program provides funds to businesses that may not otherwise be a candidate for traditional bank loans. This loan program gives you the opportunity to secure funding while learning the loan process and building your credit.

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Monroe County Finger Lakes APEX

Monroe County Finger Lakes APEX provides government contract counseling to assist small businesses in selling to the government and prime contractors. Monroe County Finger Lakes APEX will:

  • Assess firm’s potential as a federal and/or state government contractor
  • Assist with registrations and certifications in order to do business with government
  • Provide guidance on market analysis
  • Develop bid match search profile
  • Assist with solicitation review and bid preparation
  • Clarify procurement regulations, technical information, specifications and standards
  • Assist with post-award performance and compliance

All services are free of charge.

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SBA 504 Loan Program

The SBA 504 Loan Program, administered by the Monroe County Industrial Development Corporation (MCIDC), provides long-term financing for the purchase of land, buildings and equipment at a fixed-rate of interest. Funding for SBA 504 loans is provided through a partnership between the Small Business Administration and a private sector lender such as a bank.

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REVOLVING LOAN FUND PROGRAM

The Monroe County Industrial Development Corporation Revolving Loan Fund (MCIDC RLF) program provides gap loan financing to Monroe County businesses which do not qualify for the SBA 504 program. Funding for MCIDC RLF loans are in conjunction with a bank/financial institution and will match the bank term, up to 7 years.

Ineligible projects include:

  • Retail
  • Medical facilities
  • Debt refinancing
  • Professional services
  • Real estate development

Approval is subject to MCIDC Loan Committee and MCIDC Board of Directors.

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