Areas Served: City of Grants Pass
The City of Grants Pass offers two loans for businesses in Grants Pass, Oregon.
The Building Renovation Loan Fund is used to encourage property, building and business owners to restore building exterior facades and renovate upper floor areas for commercial and residential uses.
Eligible projects include: – Professional design services (a special one-time grant of up to $5,000 may be made to assist with project design costs) – Quality exterior improvements intended to restore facades and exteriors – Painting and cleaning – Masonry repair and cleaning – Sign removal, repair or replacement – Building identification – Repair/ replacement of attached building details and fixtures – Renovation of upper floor area for housing or commercial uses Loan Terms Loan terms and interest rates are negotiable between the applicant and the City.
The repayment term cannot exceed ten years, and the interest rate cannot be less than five percent per annum.
The maximum allowable loan to any applicant is one-half of the project cost, up to $25,000. All loans are subject to the review of and approval by a loan review committee and the Grants Pass City Council.
Loan terms and interest rates are negotiable between the applicant and the City.
The repayment term cannot exceed ten years, and the interest rate cannot be less than five percent per annum.
The maximum allowable loan to any applicant is one-half of the project cost, up to $50,000.
The Micro Enterprise Loan Fund is available for amounts up to $10,000 to encourage the entrepreneurial spirit of Grants Pass that will ultimately drive the Grants Pass economy
Contact InformationCity of Grants Pass, Oregon
Address: 101 NW “A” Street
City: Grants Pass
State: Oregon
Website:
http://www.grantspassoregon.gov/Index.aspx?page=1630
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