COVID-19 Information for Ulster County Businesses

Ulster County Office of Economic Development


Ulster County Department of Economic Development is available and ready to help our local businesses face these challenging times.  Please call or email us with your concerns and questions.

Financial Resources

Ulster County offers low-cost, flexible financing through countywide and municipal Revolving Loan Funds (RLFs). RLFS are financing tools for communities to provide loans to local businesses, which in turn, create jobs and leverage other private investment while helping a community diversify and stabilize its economy.

RLFs fill the gap between a businesses’ financial needs and the amount that can be borrowed from a lender. RLFs can help to complete a business’ financing package by offering fixed rate, low-interest loans, revolving lines of credit or loan guarantees. RLFs have an application fee, closing costs and attorney fees.

United States Small Business Administration

SBA offers several relief options to help businesses, nonprofits, and faith-based organizations recover from the impacts of COVID-19. Review all options or skip to a specific program in the information that follows.

SBA is currently offering Paycheck Protection Program (PPP) loans until March 31, 2021. President Biden announced program changes to make access to PPP loans more equitable.

1. Find a lender:

2. Identify a PPP loan type:

  • First Draw PPP loans: If you have not received a PPP loan before, First Draw PPP loans are available to you.
  • Second Draw PPP loans: If you have previously received a PPP loan, certain businesses are eligible for a Second Draw PPP loan.
     

SBA is also currently offering the following funding options:

SBA is preparing to offer:

SBA is contacting eligible businesses regarding:

Local businesses are encouraged to reach out to the Office of Economic Development for options on other financial resources, as well as questions and concerns.

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