Business revitalization loans, typically in amounts up to $10,000 are intended to assist in the revitalization or rehabilitation of existing businesses to stimulate consumer attention, increase sales, retain existing employment and potentially develop new employment opportunities. Applicant eligibility will be assessed based on the following criteria:
- Must own business, building, or are housing businesses located within Sanders County
- Demonstrate that you are clearly entitled to make such improvements as owner or leaseholder
- Demonstrate an ability to repay the loan.
- Assure funds will be used only for the improvements as approved by the loan review committee.
- Demonstrate commitment to overall business area revitalization efforts and conformance with established community plans.
- Demonstrate willingness to acquiring building and signage design assistance if required.
- Demonstrate requested capital is sufficient to complete the project upon approval.
- Provide other information as deemed applicable by the RLF Committee at their sole discretion.
Potential uses of Micro-loans include: The development of new marketing material, purchase of equipment, training for business staff, launch activity required to break into a new market, signage, updated façade/store-front, landscaping and contracted services, labor, installation and design services.
