Tuesday, January 29, 2013

Community Loan Fund: 12 local business and non-profits supported in 2012

Several non-profits and small businesses in and around Rensselaer County received loans from the Community Loan Fund of the Capital Region, according to the organization's end-of-year summary. Among the recipients were:

The Arts Center for the Capital Region (Troy): $144,491 to refinance existing loan
Cohoes Multi-Service Senior Citizens Center, Inc: $27,216 for the purchase of a new van
Mayas Home Improvement Corp. (Cohoes): $18,000 to a minority owned contracting company for cash-flow to complete a residential renovation via a contract through Albany Community Development Agency
Cafe Deli-icious (Troy): $4,000 to a woman-owned to purchase existing cafe
Sweet Sue's (Troy): $26,000 for the expansion of a woman-owned chocolate and dessert business
Fretto's Detailing Service (Brunswick): $17,500 for the expansion of a woman-owned 100 percent green commercial and industrial cleaning service company
Hungry Fish Cafe, LLC (Troy): $24,000 for the relocation and expansion of a woman-owned restaurant
Eco Baby Daycare, LLC (Troy): $20,000 to a woman-owned "holistic and eco-concious" daycare center for infants and toddlers
The Broadway Cafe (Troy): $20,000 for a woman owned restaurant 
Capital District Community Gardens (Troy): $375,000 for the purchase and rehabilitation of a building and adjacent land for the creation of the Urban Grow Center
Bombers (Troy): $100,000 to a woman-owned restaurant in the city supporting significant job creation and urban core development
Contemporary Artist Center (Troy): $200,000 participation in a loan for the renovation of a vacant church for the organization's offices and artist studio space

In addition, one county homeowner received $19,575 to purchase a home in Nassau with the aid of the State Employees Federal Credit Union, another received $900 to complete electrical repairs to a residence in Wynantskill.

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