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The SZCC loan fund provides low-interest rate loans to certified Empire Zone businesses.  Loan proceeds can be used for working capital, equipment acquisition and real estate purchase.  SZCC loans range from $30,000 to $300,000 and should be used in connection with other financing sources.  Borrowers are expected to provide an equity contribution.  Completed applications are underwritten and approved by New York Business Development Corporation (NYBDC).  A $250 nonrefundable fee must accompany applications.  Projects must be reviewed and recommended by the City of Albany Zone Administration Board.