Business in Our Sites Grants/Loans (BOS)
This funding opportunity assists communities in developing a portfolio of ready sites to attract and support growing businesses, with loans available specifically for private developers.
Description
Empowers communities to attract growing and expanding businesses by helping them build an inventory of ready sites.
Financial Info:
No maximum or minimum loan amount. However, the amount of the grant may not exceed $4,000,000 or 40% of the total combined grant and loan award, whichever is less. Private developers are only eligible for loans. Private developers are only eligible for loans.
Repayment
Loans will be patient – no repayment until property is sold or leased or 5 years from the date of closing, whichever comes first.
Repayment Repayment Loans will be patient – no repayment until property is sold or leased or 5 years from the date of closing, whichever comes first.