USDA Rural Business Development Grant Program Capital Lease

USDA Rural Business Development Grant Program

Funder: USDA Rural Development

Administrator: Mohawk Valley EDGE

Geographic Scope: Mohawk Valley region (eligible rural areas)

Program Duration: Active since 2017

Overview:
Grant program that enables businesses to invest in machinery and equipment through a capital lease structure. As capital leases are paid down, funds go into a revolving loan fund that can be deployed as new capital leases, helping businesses preserve cash flow.

Eligibility:

Rural businesses in eligible areas

Businesses needing machinery and equipment investment

What Funding Supports:

Machinery and equipment through capital leases

Business equipment investments

Key Benefits:

Preserves business cash flow compared to amortized loans

Creates revolving loan fund for future deployments

Reduces interest burden

Contact:

Tim Fitzgerald, Vice President Economic Development

Email: tfitzgerald@mvedge.org

Phone: (315) 338-0393

Address: 584 Phoenix Drive, Rome, NY 13441

Discrimination Statement: Mohawk Valley EDGE does not discriminate on the basis of race, color, national origin, sex, age, or disability in its program or activities.