Revolving Loan Fund

Cold Spring Revolving Loan Fund
The City of Cold Spring Revolving Loan Fund was established in 2002 for the purpose of promoting economic development within Cold Spring.  The primary focus is to provide financial assistance to new and existing businesses through joint public and private action for the purpose of increasing our tax base, creating job opportunities, redevelopment, downtown enhancement and furthering the mission of the Cold Spring Economic Development Authority.  

Eligible uses for the funds include:

  • New construction
  • Renovation
  • Equipment
  • Infrastructure


There are two loan categories:


1.       LARGE LOANS ($50,000 - $150,000) The emphasis is to create new permanent jobs or retain endangered jobs within the City of Cold Spring that pay a livable wage as defined by DEED, encourage private investment within the City, and/or help to leverage conventional business financing.


2.       SMALL LOANS ($5,000 to $49,999) The emphasis is to finance business startups, expansions, or retention.



You can find the application, checklist, and further information below. If you have additional questions, please contact City Hall.