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Centerville EDA Revolving Loan and Grant Program <br />Low Interest Loan Program <br />Parameters: <br />Loan Term 10 Years <br />Low Interest Loan Rate 2.0 % <br />Market Rate Loan Rate Variable <br />Low Interest Loan Max $20,000 <br />Market Rate Loan Max No Max <br />Loan Match Requirement (Low Interest : Market Rate) 100 % (1:1) <br />Low Interest Loan Fund Source HRA Funds <br />Market Rate Loan Fund Source Private Bank <br />Low Interest Loan Fund Is'Year Max $50,000 <br />Program Boundaries City Limits <br />Eligible Costs <br />The followine are eliEible expenses for either the public or private sector portion of the loan. <br />• Generally, all work on front and sides of business buildings facing public streets <br />• Cleaning, painting and staining of exterior surfaces <br />• Facade masonry repairs <br />• Repairing, replacing and installing of cornices, entrances, exterior doors and windows, decorative <br />details, awnings and exterior lighting <br />• New signage <br />• Sign removal, repairing and replacement <br />• Building identification <br />• Streetscape costs on private property <br />• Landscaping visible from the street <br />• Decks or patios used for business purposes <br />• Parking lot improvements <br />• Handicapped accessibility improvements <br />• Health and safety improvements <br />