Businesses and landlords located in: Glenville Circle North, Buckeye-Woodhill, E. 79th Street (between Central Ave and Kinsman Rd), and Clark-Metro
Up to $100,000
Use of Proceeds
Business owners: build-out, acquisition of equipment, furniture and fixtures, signage
Landlords: interior/ exterior renovations, landscaping, fencing
Applicant must provide a minimum of 10% equity.
City to have a UCC lien on business assets. Other collateral may be deemed necessary.
Up to 3% interest rate
Up to 5 years for business owners and up to 11 years for landlords.
$3,000 for architectural and engineering fees (for landlords only)
12 months before the term of the loan, compliance will be reviewed and the balance may be forgiven.