The Community Development Loan Fund provides financing to businesses in Jefferson, Lewis and St. Lawrence Counties, with a priority given to projects of regional significance to the North Country. The loan fund targets projects that positively affect the region or enhance particular business sectors. Eligible activities include manufacturing, warehousing and distribution, industrial reuse, downtown/commercial revitalization, infrastructure facilities, and selected agricultural projects. Funds are provided for real estate, machinery and equipment, and working capital.

The terms and interest rates are flexible and primarily driven by the project need and useful life of the assets being financed. A target interest rate of 6-8% has been established and equity participation in the project being financed of at least 10% is required.