Capital District Comm Loan
Personal Finance Company in Albany, NY
The Community Loan Fund of the Capital Region is a non-profit community development financial institution serving the Capital Region of New York State - Albany, Columbia, Fulton, Greene, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie, Warren & Washington Counties. Incorporated in 1985, our goal is to promote sustainable community development efforts for economically underserved people and communities. We supply access to capital by pooling investments and donations from socially concerned individuals and organizations, and re-lending it to non-profit organizations.
read moreThe Community Loan Fund provides low-interest loans to small businesses owned by women, minorities, and people of low-income in 11 counties: Albany, Columbia, Fulton, Greene, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie, Warren and Washington. The maximum loan amount for starting a small business is $25,000. If you have an existing business that has been operating for at least 1 year, the maximum loan amount is $50,000. For projects that exceed those loan limits, we may be able to arrange participation loans with area banks or credit unions to package the appropriate financing.
read moreLinda MacFarlane oversees the operations and management of this $20 million, nonprofit, community development financial institution serving the Capital Region of New York State, focusing on start-up and expansion capital for MWBEs, training and technical assistance, and sustainable community development projects. In addition, Linda is the Executive Director of the Albany Center for Economic Success, a MWBE small business incubator and community development facility located in Albany, NY. Linda serves on the Capital Region Economic Development Council, is chair of the NYS CDFI Coalition, and serves on several community boards.