Neighborhood Business Assistance Program – Citywide Development Corporation

Last Updated on

Quick Reference

Areas Served: City of Dayton

ELIGIBLE LOAN USES – Real estate acquisition – Renovation of existing buildings – Leasehold improvements – New and/or used machinery and equipment acquisition – Working capital BENEFITS – Low equity investment – Low, fixed interest rate – Available for businesses located in the City of Dayton with revenues that do not exceed $1,500,000 TYPICAL FINANCING STRUCTURE – 95% NBAP – 5% Owner’s equity injection MAXIMUM LOAN AMOUNT $2,500 to $50,000 TERM – Fixed asset: 3-10 years, depending on the useful life of asset – Working capital: 3 years RATE – 5% fixed – 3% fixed available in targeted corridors FEES – $50 application fee – CityWide’s out-of-pocket closing costs-i.e. legal, title, recording, etc.

Contact Information
Citywide Development Corporation
Address: 8 N. Main St.
City: Dayton
State: Ohio

Website: http://citywidedev.com/business-loans/nbap

Subscribe Now to the 60-day Startup Challenge!

Subscribe Now to the 60-day Startup Challenge!