Commercial Rehabilitation Loan Program
The Commercial Rehabilitation Loan Program is a reduced-interest rate loan program designed to assist retail and restaurant businesses located within the City's Consolidated Redevelopment Project Area. The purpose of the program is to upgrade the appearance of retail and restaurant properties to increase sales, property values, and improve the business climate within the City. Funds are distributed on a first come, first served basis
Maximum Loan Amount
Up to $200,000 of the total project cost.
Grant Amount
20% of the principal loan ($40,000 maximum).
Reduced Interest Rate
5.25%
Loan Term
5 years - (monthly payments)
Secured By
Personal guarantee(s) of the business owners and approval of the property owners. Some loans may require additional security.
Qualifying Projects
Architectural and engineering design services, signs and awnings, faade improvements, roofing repairs, landscaping, window treatments, demolition, tenant improvements, site improvements, seismic retrofitting, and other projects as approved by the Redevelopment Agency's Executive Director.
Contact Information
Please contact Interim Redevelopment Project Coordinator Damien Arrula at (909) 399-5357. Applicants can also download the program guidelines, application, and credit check form by clicking on the attachments below:
