- 2008 DLDC Financial Audit
- 2009 DLDC Financial Audit
- 2010 DLDC Financial Audit
- 2011 DLDC Financial Audit
Revolving Business Loan Program
The objective of this program is to facilitate the expansion and retention of business activity within the City of Dunkirk, create employment opportunities, and expand the City’s tax base. The DLDC has three seperate loan funds: General Fund, Women and Minority Business Enterprise Fund, and Incubator Business Fund. The DLDC currently has active loans with 12 local businesses.
The business activity to be undertaken with assistance from the DLC Revolving Business Loan Program must directly result in the creation or retention of employment positions consistent with the Federal regulations and the Community Development Block Grant (CDBG) Program. Eligible activities include a manufacturing endeavor, warehousing, wholesale distribution, and a service or activity (except those involving religious activities).
The maximum amount of loan program financing may not exceed the ratio of $20,000 for each employment opportunity to be created or retained.
Program Financing Amount
Applicants must demonstrate that all other private and public sources of debt and equity have either been maximized or are inappropriate, unaffordable, or otherwise unavailable. Assistance will not be considered where the amount of required assistance is less than $5,000. The limit of assistance is $50,000 per loan. The DLDC will, from time to time, exceed this maximum amount if the proposed project demonstrates extraordinary public benefit and/or economic development potential.
Applications for financing must include all of the information required by the Revolving Business Loan Program Application form, and any additional information as may be reasonably requested by the DLDC. A non-refundable $100 application fee will be charged for the submission of a DLDC loan application.
Other Resources For Local Businesses
- County of Chautauqua Industrial Development Agency
- SUNY Fredonia Technology Incubator
- Chautauqua Opportunities for Development, Inc
- New York Business Development Corporation