The Advance Albany County Alliance is the Agent for the Albany County Business Development Corporation that was formed to administer the Al Tech Loan Trust Fund. Originally a $4 million grant from the Economic Development Administration, the Al Tech Loan Trust Fund has grown into a $19 million revolving loan fund.
It’s mission is to “To promote economic growth and business retention in Albany County by offering financing through the Al Tech Loan Fund to small- and medium-sized businesses (and, in special circumstances, to larger businesses) which demonstrate strong possibilities for growth, real property improvement, increased employment and retention of employment with in the County.”
The Al Tech Loan Fund offers economic development financing at competitive interest rates to supplement traditional bank lending. Learn more ›