Hospitality Emergency Loan Program (HELP)

In response to the COVID-19 emergency the NCIDA has made available a low interest loan program for hotels located in Niagara County. This fund has limited capital, we encourage you to apply as soon as possible.

  • Loans to hotels for working capital or fixed costs, including property taxes.
  • Loans are provided at a fixed interest rate of 1.5% with up to 12 months of interest only payments, followed by a 48 month amortization period.
  • Loan cap of 120% of annual tax liability.
  • Company must be current with 2019 taxes to apply.
  • Company must be paying PILOTs or Property taxes.
  • Hotel must be a going concern, i.e. not under construction.
  • Hotel may be located anywhere in Niagara County.

*Please download the the application form here.

Niagara County Revolving Loan Fund (RLF)

  • Direct loan program designed to promote economic development by providing “gap” financing for qualified projects.
  • Loan amount is based on number of jobs created and/or retained.
  • Will provide up to one third (1/3) of total project costs with a maximum RLF amount of $200,000.
  • Loan proceeds can be used for fixed asset financing and bear a below-market rate.
  • Loan terms are 3 to 15 years based on the use of proceeds.
  • Most firms engaged in manufacturing, R&D, and business services are eligible.

Niagara County Economic Development Fund (NEDF)

  • Can provide 30% of total project costs or $250,000 (whichever is less). Funds the fixed asset portion of manufacturing, assembly, or wholesale distribution projects.
  • Loan amount based on jobs created/retained.
  • Below market interest rate, with terms of 7 years or less for machinery and equipment, and 15 years or less for real estate.

Brownfields Cleanup Revolving Loan Fund (BCRLF)

  • Loans are available to assist with cleanup costs at brownfield sites in Niagara County.
  • No minimum or maximum loan amount. Amount based on fund availability. 
  • Fixed interest rate of 0.5%. No principal or interest in year one and interest only payments in year two. 
  • Flexible loan terms.
  • No application or program fees. Only pay loan closing costs. 

***It is imperative to discuss your project with a Niagara County Center for Economic Development project manager before submitting an application in order to determine project eligibility. Please contact us today!