DMI currently has funds available in the Revolving Loan Program. The funds assist the commercial revitalization of the downtown area by providing low-interest loans to qualified parties. These loans can be provided to new businesses to help them get started or to existing businesses to help them improve or expand. All loan applications are reviewed by a committee that includes professionals experienced in analyzing business loans. Applicants must provide background financial information and a business plan.
The Revolving Loan Program was initially funded with a grant from the U.S. Department of Agriculture in the amount of $15,000. To date, four businesses have taken advantage of this opportunity.
To learn more about the Revolving Loan Program, contact the DMI office.
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