Areas Served: City of Moline
The City of Moline, Illinois program’s purpose is to provide the additional funding necessary to supplement funding from traditional lending institutions.
It is meant to bridge the gap when a project cannot be financed completely by traditional sources.
The program focuses on manufacturing, industrial, service industries and downtown retail activity.
The borrower must provide 10% equity in the project and a minimum of one job must be created or retained per $7,500 loaned.
Also, the project must not have started before applying for the loan.
The reason is that the project could not have gone forward without the assistance.
Contact Information
City of Moline, Illinois
Address: 619 – 16th Street
City: Moline
State: Illinois
Website:
https://www.moline.il.us/
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