ZONE  CAPITAL  CORPORATION

 

GREATER JAMESTOWN ZONE CAPITAL CORPORATION (GJZCC)

The Greater Jamestown Zone Capital Corporation, the only locally controlled Zone Capital Corporation in New York State , is a 501(c)(3) not-for-profit, community-based lender to Zone Certified Businesses.  GJZCC's fund is capitalized with public, corporate and private donations.

STATEWIDE ZONE CAPITAL CORPORATION (SZCC)

The Statewide Zone Capital Corporation provides loans to Zone Certified Businesses (ZCB) through the GJEZ.  Fixed asset loans of up to $200,000 are available for terms of 5-10 years.  Interest rates are 5% years 1-2, and 7% thereafter.

  • Businesses must be Zone certificated to qualify

  • ZCC offers fixed asset loans of $50,000 or less

  • The current fixed interest rate is 5%

  • Term flexible up to 10 years.

  • Collateral will be requested to secure GJEZ-ZCC financing.

      Acceptable collateral include mortgages, liens on business assets, other corporate and or personal guarantees, assignment of life insurance policies.

Loan application fee is $250

Uses of the loan funds include

  •  real estate acquisition/improvements

  •  business acquisition

  •  leasehold improvements

  •  machinery relocation

  • working capital

Benefits of GJEZ/ZCC Loans include

  • financing below market rate interest rates

  •  flexible repayment terms

  •  gap financing

  •  local approval authority

 

 

 

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