This loan program is designed to provide favorable terms for the borrowing businesses. Specifically, the loan provides:
- Loans up to $10,000
- Up to a five-year term with 0% interest
- A payment deferral period of up to twenty-four months
Interested businesses will work with a professional firm to obtain a proposed design and quote. The City’s Urban Design Team will evaluate the proposed design for its design integrity and the contribution it will make to the sense of place downtown. Once approved, the City’s Business Loan Analyst will work with the business to establish terms (in accordance with the conditions above) and execute the loan.