Loan Programs
CCIDA
CCIDA offers various types of low-interest business loans to assist with a variety of needs, with the goal of creating or retaining jobs within Chautauqua County. Our loan programs have assisted numerous businesses, including the 2023 purchase of Weber Knapp in Jamestown by Rhonda Johnson and Wayne Rishell (pictured), ensuring Weber-Knapp remains locally-owned and competitive on the global stage.
Chautauqua Revolving Loan Fund (CRLF)
Eligibility for the Chautauqua Revolving Loan Fund is for businesses, although other projects may be eligible. The CRLF can be used toward purchasing real estate, machinery and equipment financing, working capital, and renovations. The loan limit is typically $75,000, maturing in 5 years, and must result in job creation and/or retention.
AL Tech Revolving Loan Fund
The AL (Allegany Ludlum) Tech Revolving Loan Fund is primarily used toward manufacturing, industrial, warehousing/distribution, technology, and agri-business concerns in Chautauqua County for the purchase of real estate, machinery, and/or equipment, along with renovations and working capital. The loan limit is 40% of eligible project costs with a maximum of $1 million and a 7 – 20 year maturity and must result in job creation and/or retention.
Brownfield Remediation Revolving Loan Fund
Funded through a grant from the U.S. Environmental Protection Agency (EPA), the CCIDA Brownfield RLF was established in 2023 to provide loans and subgrants to qualified applicants for remediation projects on eligible properties in Chautauqua County. The fund will be used to support cleanup activities for brownfield sites contaminated with hazardous substances and/or petroleum. The RLF will encourage capital investment, job creation, and sustainable growth in Chautauqua County on existing brownfield sites, while also ensuring public health and environmental protection.
In addition to our loan programs, CCIDA also offers other forms of Financial Incentives to assist local businesses.