Community Facility Loan Program/Guarantee and Grants

• Cities, townships and counties under 20,000
• pop. for loans 20,000 pop. for grants.
• Fire halls, trucks, clinics, nursing homes and
• hospitals, schools. Daycare centers, airports,
• fairgrounds, maintenance buildings.
• Incubators.

• Guarantee maximum 90%. Loans – 1% fee.
• Interest rate: no higher than commercial
• bond rate or as low as 4.5%. Grants: up to
• 75% of facility – max. $50,000. Loan term:
• 40 years. Repayment usually by revenue
• from use of facility. Collateral : G.O. Bonds.