Need some help opening or expanding a business? Contact the Alliance office today for financial assistance information.
Business Financing
Residents of Livingston County with viable business plans can apply for loans of up to $50,000. The county has loan funds available for the start up or expansion of small businesses of five or fewer employees. Microenterprise Loan Funds may be used for any justifiable business purpose including, but not limited to, fixed assets and working capital.
- Interest rates are competitive and fixed at time of closing
- Loans can be packaged with other lenders such as commercial banks, and institutional and quasi-public lenders
- Terms can be flexible but are generally consistent with the useful life of the assets being financed. Working capital loans are generally required to be repaid in 2-5 years
- A security interest in all assets is required. Additional collateral and personnal guarantees may also be required.
Loan applications will be reviewed and processed by the economic development office. You do not have to be located in a targeted downtown to apply.