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Rhinebeck Bank knows your business invests in our local community. At our core, we believe we can’t be a Community Bank, unless we do the same. We support the people, businesses and organizations that support the Hudson Valley community and in turn, support your business.
As your Community Bank we’ve joined in on the City of Poughkeepsie’s ongoing revitalization efforts. The Poughkeepsie Innovation District and associated rezoning focuses on a narrow geographic area in order to increase its potential for success. In support of this initiative, we established a $3,000,000 Loan Fund that will help you start or grow your business within the district.
Hudson Valley Pattern for Progress has launched an economic development plan with a goal of improving the business climate in an approximate six square block radius within the City of Newburgh.
Rhinebeck Bank initially supported this effort by allocating $3,000,000.00 of our loan portfolio to fund secured term loans including commercial express loans, equipment and vehicle purchases, leasehold improvements and real estate transactions under favorable pricing, advance rates and terms to the prospective borrowers in the Newburgh Creative Neighborhood. The program has been extremely successful with only $700,000 remaining available.
All loans are subject to credit approval.