FOR IMMEDIATE RELEASE
January 28, 2026
Kingston Local Development Corporation Announces Various Loan Programs to Support Local Businesses
Kingston, NY — The Kingston Local Development Corporation (KLDC) is pleased to announce the availability of several loan programs with competitive rates and no pre-payment penalties designed to support business owners within the City of Kingston.
KLDC President Steve Noble said, “The Kingston Local Development Corporation is thrilled to offer these financing tools for local business, which can do everything from help strengthen existing businesses, encourage expansion, and support new entrepreneurial activity, all with extremely competitive rates. The new, expanded, low-interest Façade Loan Program will be helpful for those looking to restore the facades of their buildings and businesses. I want to thank our KLDC Board and Executive Director for administering these loans that will benefit so many in the community.”
The KLDC offers a Façade Loan Program to assist commercial property and business owners with exterior building improvements that enhance the visual appeal and vitality of commercial corridors. The program now offers loan amounts of up to $35,000, with competitive fixed interest rates and flexible repayment terms.
In addition, the KLDC administers a Revolving Loan Fund (RLF) to help established businesses secure additional financing for projects such as expansion, acquisition, renovations, or other growth-related needs. The RLF is designed to work in partnership with traditional financial institutions to help businesses move forward when a financing gap exists offering competitive fixed interest rates and flexible repayment terms.
For newer or smaller businesses, the KLDC also offers a Microbusiness Loan Program, which is intended to support early-stage enterprises and entrepreneurs who are just getting started. This program helps provide access to capital while encouraging long-term business growth and stability also offering competitive fixed interest rates and flexible repayment terms.
“These loan programs are an important part of our mission to promote economic development and support local businesses,” said Amanda L. (Mandy) Bruck, KLDC Executive Director. “We encourage business owners to explore these resources and see how they may help advance their businesses or projects.”
Business owners located within the City of Kingston who are interested in learning more about available loan programs, eligibility requirements, and the application process are encouraged to contact the Kingston Local Development Corporation at 845-334-3930 or visit www.KLDC-ny.org.