There are many possible reasons why Otsego IDA business financing and incentives might not be right for your business. Please feel free to browse the information below to learn more about some of the other options available to businesses in Otsego County:


Regional Loan Funds

  • Small Business Revolving Loan Fund
    SBRLF is a $50 million fund designed to create economic activity by providing greater access to capital for main street everyday small businesses. The program is targeted to small businesses that have had difficulty accessing regular credit markets. Click here for more information.
  • Linked Deposit Fund
    The Linked Deposit Fund helps existing New York State firms obtain reduced-rate financing so they can undertake projects to improve their competitiveness, market access, and product development; modernize their equipment and/or expand their facilities for productivity growth or to introduce new technologies; to facilitate ownership transition; and to promote job creation retention. Click here for more information.
  • Job Development Authority Direct Loan Program
    This program provides direct loans for the growth of manufacturing and other eligible businesses within New York State by assisting in financing a portion of the cost of acquiring and renovating existing buildings or constructing new buildings (“Real Estate” projects) or for purchasing machinery and equipment (“M&E” projects). Funds to make loans are derived from the sale of State-guaranteed bonds. Click here for more information.
  • New York State Innovation Venture Capital Fund
    The NYSIVC Fund is a seed stage and early stage venture capital fund with up to $50 million to support and attract new high-growth businesses. The NYSIVC Fund will provide critical funding to promote the commercialization of new technologies, incentivize economic growth and encourage job creation across New York State. Click here for more information.

Local Banks


Bank of Cooperstown
73 Chestnut Street
Cooperstown, NY 13326
(607) 547-2210

Community Bank
245 Main Street
Oneonta, NY 13820
(607) 432-1700

Key Bank
202 Main Street
Oneonta, NY 13820
(607) 432-2500

NBT Bank
Oneonta Financial Center
One Wall Street
Oneonta, NY 13820
(607) 432-5800

Sidney Federal Credit Union
53 Market Street
Oneonta, NY 13820
(877) 642-7328