Tioga County Commercial 0% Facade Improvement Loan Program
May 16th, 2013PRESS RELEASE: May 3, 1013
TIOGA COUNTY ECONOMIC DEVELOPMENT AND PLANNING
56 Main Street, Owego, NY 137827
Contact: Douglas W. Barton, Director – 607–687-8254
NEW COUNTYWIDE BUSINESS ASSISTANCE PROGRAM AVAILABLE!
Tioga County Commercial 0% Commercial Facade Improvement
Loan Program
Tioga County was awarded $250,000.00 from the Southern Tier Region Economic Development Corporation (STREDC).
The program provides 50% of total project cost with a 0% loan to assist in the prevention and elimination of slums and blight and encourages the revitalization of commercial buildings in Tioga County’s commercial “Main Street” centers.
Eligible Use of Proceeds: Exterior facade renovations on design elements that are a structural part of eligible commercial buildings such as doors, windows, exterior refinishing and repairs, removal of non-original facades and rehabilitation of original facades, signage, awnings, attached lighting, decks and back façade along the river.
Application Fee: $100.00 (non-refundable)
Commitment Fee: 1% of the approved loan amount
Available Financing: $2,500.00 – $10,000.00
Interest Rate: 0% fixed
Term of Loan: Up to 5 years as follows:
$2,500 – $5,000 – 2 years
$5,000 – $7,000 – 3 years
$7,000 – $10,000 – 5 years
Contact for more information/application:
Teresa Saraceno, Tioga County Economic Development at 607-687-8260.
Best Regards