There are several key incentives available for investors looking to rehabilitate one of downtown’s historic buildings:
Owner-Occupied Real Estate Project
The Lincoln Land Small Business Development Center can help walk you through these federal business programs if you are planning to work from your rehabbed building:
Small Business Administration 504 Loans
Small Business 7a Loan Program
City’s Microloan Program – Through Justine Petersen, the largest SBA micro lender in the U.S., provides comprehensive micro-enterprise lending and training to small and start-up businesses including one-on-one counseling and technical assistance; credit building strategies; FDIC Money Smart Curriculum; a business plan questionnaire to assist clients through the business planning process; micro-loan origination; and post-loan technical assistance for those that struggle to meet their business plan benchmarks and for those that are expanding their businesses. Contact the City’s Planning and Economic Development Office.