Lake Champlain - Lake George Regional Planning Board
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Business Loan Program

The LCLGRPB operates a Small Business Loan Fund to assist locally owned and operated businesses with start-up and expansion costs with the goal of revitalizing communities, downtown areas, and economic districts or to provide a needed service for a community.

Loan area available to for-profit businesses that are physically located within Clinton, Essex, Franklin, Hamilton, Jefferson, Lewis, St. Lawrence, Warren, and Washington Counties of New York State.

Eligible uses of loan funds include:

  • Purchase of vacant property or existing facilities
  • Improvement of land
  • Rehabilitation and renovation of existing property
  • Expansion of current business property
  • Lease-hold improvements and acquisitions
  • Purchase of machinery, equipment, and inventory
  • Working capital loans
  • Start-up costs

Applicants must demonstrate how their project meets the economic development needs of the region. Projects are then evaluated based on community need, local capacity, project impact and readiness. Applications are processed on a first-come, first served basis and are subject to availability of loan funds.

All loan applications are presented to the LCLGRPB Loan Administrative Committee for review. Applicants are required to attend the review meeting to discuss their application with the Committee.

Applications and $250 application fee can be emailed, mailed or hand-delivered to:

Lake Champlain – Lake George Regional Planning Board
1 Lower Amherst Street
PO Box 765
Lake George, NY 12845
info@lclgrpb.org

Please follow all the instructions on the application to ensure your package is complete. Only complete application packages will be reviewed by the Loan Administrative Committee.

Quick facts about the LCLGRPB’s Small Business Loan Fund

  • $10,000 - $200,000 loan amounts
  • Variable interest rate, fixed
  • Loan Terms:
    Brick & Mortar and Real Estate: 10 – 15 years
    Machinery and Equipment: 5 - 10 years
    Working Capital: 5 – 10 years
  • Sufficient collateral required
  • Personal guarantee required
  • $250 non-refundable application fee due at time of submission
  • Closing costs are the responsibility of the borrower

Need help pulling your application together and don’t live near the LCLGRPB offices in Lake George, Warren County?

Visit our local economic development partners:

Other Business Resources

SBDC
- The SUNY Canton Small Business Development Center out of Clinton Community College serves Clinton, Essex, Hamilton, St. Lawrence, Warren and Washington Counties. 
You can reach a representative at www.clinton.edu/sbdc

SCORE - Northeast New York SCORE volunteers are available in Warren, Saratoga, Schenectady and Albany.  You can reach a representative at www.northeastny.score.org

Current Capital Provided for Small Business Loans

Small Business Loan Funds Available

Learn More
Warren County
22
Loans
$2,950,611
Essex County
9
Loans
$645,000
Washington County
9
Loans
$930,867
Clinton County
5
Loans
$410,626
Lewis County
2
Loans
$300,000
Jefferson County
2
Loans
$200,000
St. Lawrence County
1
Loans
30,000
Hamilton County
Loans
> Clinton County
> Essex County
> Hamilton County
> Warren County
> Washington County