The Catskill Chronicle

LIBERTY, NY (April 6, 2011) – The Village of Liberty Board of Trustees has earmarked $30,000 of its Revolving Loan Fund to serve as emergency funding for Village Businesses in need of cash to cover essential financial obligations.

Any business located within the borders of the Village of Liberty can apply for a short-term (1-year) loan of up to $3,000, with an interest rate of 2%.

Applicants must be fully paid up or current in their payments towards the Village (e.g. for taxes, water, sewer) to be considered for funding.

After 2006 and 2009, this marks the third time that the Village has offered emergency loans to assist local businesses in this way – in both cases the program was successful in keeping several Village businesses alive.

Amidst challenging economic conditions and at the end of a long winter, many businesses are short of cash to fulfill important financial obligations, and fresh revenue may still be a little time away. With the Village offering a quick and non-bureaucratic financial injection, many local entrepreneurs may be able to cover this gap before their customers return and sales kick in once again.

The simple 1-page application forms are available at the Village Clerk’s office, on the Village website (www.libertyvillageny.org) or on the Liberty CDC website (www.liberty-cdc.org).