Main Street Gardnerville's revolving loan fund offers below-market-rate loans to qualifying downtown Main Street businesses.
Funded by the U.S. Department of Agriculture Rural Development, these loans are not to exceed $10,000 each and will be at an interest rate of 4 percent.
Eligible business owners can use the funding to renovate their facilities, expand their operations, or do something else that improves their business and the downtown atmosphere.
Business owners' information will be kept confidential and presented only to members of the Main Street Gardnerville loan committee (made up of representatives from local banking institutions) and to the Main Street Gardnerville/loan committee liaison.
Program highlights include 4 percent interest, loans available in amounts from $1,500-$10,000, repayment of 1-5 years, and no pre-payment penalty.
Eligible uses include signs and awnings, remodeling or rehabilitation of the interior or exterior of a building, purchase of additional equipment or fixtures, purchase of additional inventory, working capital or business expansion, leveraging with other grants, energy conservation, etc.
For more information, visit www.mainstreetgardnerville.org or call 782-8027.
