The Capitalize Albany Corporation Business Development Loan Program provides qualifying projects that can demonstrate a significant economic impact with financial assistance to spur economic development activity in the City of Albany. Loan proceeds can be used for acquisition of real property, machinery and equipment, construction, renovation or rehabilitation of real property, and purchase of fixed assets. Consideration of retail or restaurant establishments will only be given if the project includes improvement of real estate and will have a significant economic impact on the City of Albany. Loans are limited to 50% of the total project cost and should be used in connection with another primary financing source. Borrowers are expected to provide a minimum of 10% owner equity contribution.

To apply for these loan programs contact us or fill out a pre application and submit it to the Capitalize Albany Corporation at 21 Lodge Street, Albany, NY 12207.