This loan fund provides term loans ranging from $35,000 to $300,000. The interest rate is Wall Street Prime minus 3% with a floor of 5%, fixed for the term of the loan. Loan proceeds can be used to purchase fixed assets or for working capital. The Al Tech portion of the loan is exempt from the mortgage recording tax. A $350 application fee applies.  To learn more about the AL Tech Loan Fund please contact the Advance Albany County Alliance at (518) 888-4353 or click on the following link to learn more. Al Tech Loan Fund – Advance Albany County