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American Recovery and Reinvestment Act Program Guide
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504 Certified Development Loans
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| Progress Indicator |
 |
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| Guidance Available |
Application Processes Open |
Application Processes Closed |
Award Processes Completed |
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| Federal Program Information |
| Federal Program Description |
Stimulus funding to eliminate fees and allow debt refinancing for this loan program which offers long-term (10-20 year term), fixed rate financing for small businesses. Uses of loans: fixed assets: land and buildings, construction, expansion, renovation, modernization of buildings, or acquisition and/or installation of machinery and equipment.
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| CFDA Number |
59.041 |
| Assistance Type |
Direct Loans |
| ARRA Citation |
section 504, p. 37, 41 |
| ARRA Reporting |
NA - SBA reporting process
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| Federal Agency |
Small Business Administration |
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| NYS Information |
| NYS Program Title |
504 Certified Development Loans |
| NYS Agency |
ESDC |
| Contact |
Kay Wilkie |
| Email |
kwilkie@empire.state.ny.us |
| Phone |
518-292-5270 |
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| Program Funding |
| National Total |
$6MM |
| NYS Share |
NA |
| Flow of Funds |
ongoing program
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| Deadline |
9/30/10 for temporary fee elimination |
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| Awards and Outcomes |
| Website |
http://www.recovery.gov/transparency/pages/home.aspx?State=NY |
