• Dec 12, 21
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

The Emeryville Redevelopment Agency’s Business Development Loan Program provides below-market rate business loans to businesses located on San Pablo Avenue, Park Avenue, and Emeryville’s other neighborhood business districts in Alameda county, California.

Loan Program Eligibility

Businesses (exceptions below) with a demonstrated need for Agency assistance are eligible for this program.

Both existing and start-up enterprises are eligible under the Program.

Ineligible businesses are gun stores, liquor stores, pornography stores, massage parlors, pawn shops, check cashing businesses, cigarette stores, video game and gambling establishments.

Loan Information – The maximum loan amount is $50,000, although exceptions may be granted on a case-by-case basis.

Loans will be offered at a below market interest rate, with rate and term determined on a case-by-case basis.

All loans must be repaid with intereSt. – Borrowers are required to contribute a minimum of 10% of the total costs of all improvements and related expenses.

Eligible improvements under the Business Development Loan Program are:

– Tenant Improvements (e.

g.

fixtures, carpet, lighting, paint) – Construction or demolition of interior walls – Replacement of broken doors or windows – Replacement or repair of furnaces, water heaters, faulty plumbing systems, electrical service or wiring – Installation of fire extinguisher sprinkler systems, smoke detectors, or energy-saving devices – Fees for professional services (including architectural and engineering), City/County permits, loan closing fees, appraisal, policy of title insurance, and pest control reports – Equipment and machinery that is non-removable and non-personal with a useful life of more than 10 years.





Contact Information
Emeryville Redevelopment Agency
Address: 1333 Park Ave
City: Emeryville
State: California

Website: http://www.ci.emeryville.ca.us/index.aspx?NID=255

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