№ files_lp_3_process_9_43931
Year: 2021
Region / City: Silver Bay
Subject: Business Renovation Financing
Document Type: Loan Program Guidelines
Organization: City of Silver Bay Economic Development Authority
Author: City of Silver Bay Economic Development Authority
Target Audience: Business owners in the Silver Bay area
Program Duration: Ongoing
Approval Date: 2021
Amendment Date: Not specified
Loan Amount: Minimum $1,000, Maximum determined by City
Eligible Businesses: Retail, Lodging, Auto Repair, Restaurants, Service Sector, Financial Institutions, Tourism
Loan Term: 3 to 7 years
Interest Rate: 3% fixed
Fees: Borrower may cover legal and other costs
Use of Funds: Exterior, energy, structural, accessibility, and general improvements
Application Process: Pre-application, Full-application, Loan Closing
Price: 8 / 10 USD
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