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Loan Programs

The Village of Saranac Lake offers loan and financial assistance programs intended to support economic development, infrastructure investment, housing stability, and essential utility services.

Program terms, eligibility, and funding availability vary by program.

Small Business Loans

The Village supports small business development and entrepreneurship through loan programs designed to encourage local investment, job creation, and economic growth.

Loans may be available for:

  • Business startup costs
  • Building improvements
  • Equipment purchases
  • Expansion projects
  • Working capital
  • Revitalization efforts

Program participation may require submission of financial information, business plans, project budgets, or additional supporting documentation.

Water and Sewer Forgiveness Loan

The Water and Sewer Forgiveness Loan Program assists qualifying property owners experiencing financial hardship related to Village water and sewer utility accounts.

The program may provide structured repayment assistance or partial forgiveness opportunities for eligible accounts, subject to program guidelines and approval requirements.

The goal of the program is to:

  • Promote utility account stability
  • Prevent service disruption
  • Support housing stability
  • Encourage long-term repayment solutions

Program Categories