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Greene County Zeroes In
On COVID Disaster Relief

Zero Interest
Zero Payments for Six Months
Zero Matching Funds
Zero Closing Costs
Zero Application Fee

In response to the business damages created by the COVID-19 pandemic, Greene County has created a special disaster loan program to assist small businesses that were negatively affected. The County, in conjunction with the Greene County Economic Development Corporation (GCEDC), is allocating Community Development Block Grant funds for small business loans that retain or create jobs that primarily benefit low and moderate income people. Loan applications will be accepted until the emergency order is lifted, or until the available funds have been dispersed.

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Emergency Loans for Small Businesses to Assist with Retention or Restoration of Employees

  • Small Emergency Loans of $10,000
  • Loans can be used for working capital, inventory, materials and supplies
  • Loans will be provided for two years, with a six-month deferral of payments at the beginning of the term.
  • Small Businesses of 10 employees or less
  • Maximum Funds Committed $500,000

Emergency Loans for Microenterprise Businesses to Assist with Hiring of New Employees

  • Microenterprise Business Loans of up to $25,000
  • Loans can be used for machinery, equipment, furniture, fixtures, working capital, inventory, materials and supplies
  • Loans will be provided for three years (terms may be extended upon request and need), with a six-month deferral of payments at the beginning of the term.
  • Small Businesses of 5 employees or less
  • Based Upon Availability

Terms and Eligibility:

  • The loans will be provided at zero interest.
  • There will be zero closing costs, and zero application fees.
  • There are expedited underwriting and relaxed collateral standards, streamlined processing, and generous terms and conditions, as appropriate, for these special loans. Personal guarantees will be required, and funds may not be used for items paid for through the SBA business programs.
  • A special application has been prepared for this program, with less paperwork required.
  • Businesses must either be open, or commit to an opening date.
  • Refinancing of Debt or Repayment of Shareholder Debt is Ineligible

Projects that will retain jobs that otherwise would be lost due to the pandemic will receive priority.  This special program can work with any other disaster-related funding source in order to get businesses back up and running as quickly as possible. This program is funded with Community Development Block Grant (CDBG) funds provided by the US Department of Housing and Urban Development (HUD), and as such all applications are required to meet program rules and regulations.

Download Application Documents

Frequently Asked Questions (Read Before You Apply)

Please submit all completed forms listed below, along with your application, to the Greene County Economic Development Corporation at or mail to:

Greene County Economic Development Corp.
411 Main St. Catskill, NY 12414

Checklist for COVID-19 Emergency Loan Fund Application

The following items are required to be submitted as part of the Application Package so it may be reviewed and processed as soon as possible.

  1. Completed Loan Application.
  2. Required Exhibits Materials.
    1. Description of project, need to undertake it, and a description of resources in order to restart/continue operations.
    2. Source of project costs (vendor quotes or other appropriate documentation).
    3. Personal financial statements and authorization for the owner or owners of 20 percent or more of the business.
    4. Business Profit/Loss statement for the most recent six months to document loss since the pandemic began.
    5. The business plan to address any necessary business changes post-pandemic to recoup revenue.
    6. Federal personal and business tax returns for the two most recent years available.
    7. Two most recent sales tax filings, if your business collects sales tax.
    8. Financial statements for the most recent full-year available, along with any updated information that is available.
  3. Completed 2020 Family Income Statement for each employee that is to be restored or retained to employment as part of the Emergency Loan Project.
  4. Completed Personal Financial Statement form (SBA Form 413)
  5. Completed DUNS Number Submission Form.
  6. Complete the Letter of Authorization for Loan Origination

View GCEDC Emergency Loan Policies & Procedures


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