Areas Served: Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix Counties
The Downtown Facade Loan Program provides financial assistance to encourage property and business owners in core downtowns to revitalize downtown commercial buildings within the towns, cities, and villages of West Central Wisconsin.
Eligibility – Be located within designated downtown boundaries of eligible towns, villages, and cities (Barron, Chippewa, Clark, Dunn, Eau Claire, Polk, and St. Croix Counties) – Demonstrate ability to repay the loan.
– Property taxes must be kept current.
– Provide acceptable design plans for building renovation.
– Eligible activities include: facade renovation; exterior lighting, doors, and graphics; signage, windows, and awnings; other facade or landscape improvements.
Loan Overview – Loan size can range from $5,000 to $30,000. – 0% fixed interest rate.
– Repayment terms up to 15 years.
– All loans shall be secured by a mortgage on the property being renovated.
– Unlimited personal guarantees are required for any owner with greater than 20% ownership interest in the business.
Contact InformationRegional Business Fund, Inc.
Address: 800 Wisconsin Street
City: Eau Claire
State: Wisconsin
Website:
http://www.rbfinc.org
Leave a Reply