Northern Community Investment Capital (NCIC) recognizes the challenges faced by many businesses impacted by the recent flooding event of July 10 & 11, 2024. We are offering assistance in the form of a limited special loan program for affected businesses in Essex, Orleans, or Caledonia Counties. This low-interest financing opportunity is intended to help businesses get funds as quickly as possible for immediate flood recovery needs, and it involves a simplified application process.
- Borrowers may apply for up to $3,000.
- Business must be located in Essex, Orleans, or Caledonia counties.
- Funds are limited and will be disbursed on a first-come, first-served basis. The program will remain available until all funds are expended or September 30, 2024, whichever comes first.
- The interest rate is fixed at 2.50% for the life of the loan.
- There are no administrative fees.
- The term is one month deferred payments followed by two years (24 months) of principal and interest payments.
- Borrowers must agree to sign up for automatic withdrawals. (ACH payments)
Please email your completed application to NCIC Director of Economic Development Katelyn Robinson at krobinson@ncic.org.
Application and Credit Authorization forms can be accessed here: