Pre-development Loan Program
The Pre-Development Loan Program helps municipalities and nonprofit organizations prepare local development projects for funding and implementation. The program supports activities such as studying the feasibility of renovating a downtown building, gathering public input on a project idea, developing a business plan for a new facility or seeking planning and zoning approval. Loans of up to $100,000 are available and eligible projects must stand a reasonable chance of being financed and initiated within two years.
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