COVID-19 RESOURCES (UPDATED- 4/3/20 )

AEDC is laser-focused on helping our businesses and communities sustain and move onward through this unprecedented time. 

How we can help:

  1. Business Counseling: AEDC continues to provide no-cost counseling for any small businesses. We emphasize the need for businesses to implement strategic measures to address revenue shortfalls and fixed expenses.  
  2. Access to capital: AEDC has 5 active loan funds through the Small Business Administration (SBA), US Department of Agriculture Rural Development and NY Empire State Development for existing small businesses to meet short, mid-term or long-term needs. AEDC has also created a short-term Disaster Loan Fund for small, working capital microloans. Click here to access the AEDC Disaster Loan information sheet.
  3. Technical Assistance in Loan/Grant Products: AEDC can also connect businesses with the resources available from New York State and the federal government, particularly through the CARES Act. We can also provide no-cost technical assistance in application for these products.

Our team is connecting business owners with the new loan (and forgivable loan) products that can help them make it through this difficult year and beyond. 

Resources:

The extent of information outgoing to assist businesses navigate this crisis and the resources being provided is extensive. Below are a few that we recommend as among the best that we’ve seen for your reference.  (Click on the text to follow the link for each one)

NORTH CHAMBER OF COMMERCE

SUMMARY OF COVID-19 RESOURCES (SCORE)

NONPROFIT CARES ACT REFERENCE

SBA EIDL RESOURCE

SBA PPP RESOURCE

LIST OF SBA 7A LENDERS

We’re more committed than ever to helping our small businesses and communities; it is an extremely difficult time, but we have seen decades of the resilience and dedication of our entrepreneurs and proprietors. 

AEDC is a 501c3 non-profit economic development organization based in Saranac Lake, NY and serves the 14-county greater North Country region of Clinton, Essex, Franklin, Fulton, Hamilton, Herkimer Jefferson, Lewis, Oneida, Oswego, Saratoga, St. Lawrence, Warren, Washington counties. AEDC provides free business counseling and technical assistance to small businesses and entrepreneurs and access to capital through 5 microloan funds. Contact Executive Director Victoria Duley vduley@aedconline.com or Business Counselor Steven Garneau sgarneau@aedconline.com