Local Loan Funds Information

In addition to the available countywide and regional lending programs, the following local municipalities have their own individual loan funds:


St. Lawrence Initiative
Canton Office of Economic Development 
(315) 386-2871, x5


Gouverneur Area Development Corporation Loan Fund
1227 USH 11
Gouverneur, NY 13642
(315) 287-1940


Ogdensburg Growth Fund Development Corporation – Low-interest loans for acquisition, renovation, equipment and working capital. A special program for construction assistance may allow for short-term borrowing at 0% when permanent financing has been arranged.

Ogdensburg Empire Zone
330 Ford Street, City Hall, Room 10
(315) 393-7150

Town of Oswegatchie

Oswegatchie Local Development Corporation Loan Fund
Town of Oswegatchie
51 State Street
Heuvelton, NY 13654
(315) 344-1246


The Potsdam Planning and Development Office can originate loans to businesses locating within its Empire Zone in order to help with job creation.

The Micro-Enterprise Loan Fund, administered by the Potsdam Planning and Development Office, offers loans of up to $25,000 to businesses with five or fewer employees, including the owner(s). Funds can be used for working capital, leasehold improvements, machinery and equipment, and real estate development. Additional loan funds of up to $25,000 are also available for larger businesses. All local loans are based on underwriting and programmatic criteria and the availability of funds.

Potsdam Office of Planning & Development
Civic Center, Park Street, Potsdam, NY 13676
Phone 315.265.1670