Downtown Johnson City Redevelopment Loan Program
NETEDC provides low-interest loans up to $25,000 or more for downtown Johnson City property purchase, renovation, or fixed equipment.
About this program
The Downtown Johnson City Redevelopment Loan Program provides financing for small business owners, property owners, and investors purchasing or renovating downtown property or buying fixed equipment for business creation, expansion, or retention. The program can provide low-interest loans for down payment, closing costs, renovation costs above a bank loan, or microloans for building renovations and equipment financing in the Downtown Johnson City Redevelopment District.
Eligibility
Small business owners, property owners, and investors with eligible projects in the Downtown Johnson City Redevelopment District may apply through the Northeast Tennessee Economic Development Corporation.
Requirements
- Project must involve an existing or new business in the Downtown Johnson City Redevelopment District.
- Loan proceeds must support eligible property purchase, down payment, closing costs, renovation, or fixed equipment costs.
- Borrower must keep a business account at one of the participating banks.