- Downtown Jamestown Greenlining Loan Program
- Small Business Development Loan Program
- Commercial Energy Incentive Loan Program
- Citywide Commercial/Industrial Energy Conservation Loan Program
- Housing Stimulus Loan Program
- Jobs and Private Investment Loan Program (JAPI)
- Downtown Artisan Development Loan Program
- Downtown Technology Based Business Development Loan Program
- Downtown Restaurant Development Loan Program
- Citywide Commercial/Industrial Fire Safety Upgrade Loan Program
Downtown Jamestown Greenlining Loan Program
| PURPOSE | Business start-up, expansion/renovation, real estate and equipment acquisition |
| PROGRAM AREA | Central business district |
| % PARTICIPATION | 50% of total project cost |
| MAXIMUM LOAN | $35,000 |
| LOAN TERMS | 5, 7 or 10 years, depending on collateral |
| INTEREST RATE | 5% fixed |
| HISTORY | Downtown Greenlining Facade Program |
Small Business Development Loan Program
| PURPOSE | Business start-up, expansion/renovation, real estate and equipment acquisition |
| PROGRAM AREA | Citywide |
| % PARTICIPATION | 50% of total project cost |
| MAXIMUM LOAN | $35,000 |
| LOAN TERMS | 5, 7 or 10 years, depending on collateral |
| INTEREST RATE | 5% fixed |
Commercial Energy Incentive Loan Program
| PURPOSE | Energy efficiency improvements (HVAC, windows, doors, roofs, insulation, district heating hook-up, etc.) |
| PROGRAM AREA | Central business district |
| % PARTICIPATION | 75% of total project cost |
| MAXIMUM LOAN | $40,000 |
| LOAN TERMS | 5 years only |
| INTEREST RATE | 5% fixed |
Citywide Commercial/Industrial Energy Conservation Loan Program
| PURPOSE | Energy efficiency improvements (HVAC, windows, doors, roofs, insulation, district heating hook-up, etc.) |
| PROGRAM AREA | Citywide |
| % PARTICIPATION | 75% of total project cost |
| MAXIMUM LOAN | $40,000 |
| LOAN TERMS | 5 years only |
| INTEREST RATE | 5% fixed |
Housing Stimulus Loan Program
| PURPOSE | Loan assistance with installation of utilities (i.e. water and sewer) to new housing subdivision developments within the City |
| PROGRAM AREA | Citywide |
| % PARTICIPATION | Up to 100% of total project cost |
| MAXIMUM LOAN | $100,000 |
| LOAN TERMS | 5 years only |
| INTEREST RATE | 5% fixed |
Jobs and Private Investment Loan Program (JAPI)
| PURPOSE | Business start-up, expansion/renovation, real estate and equipment acquisition |
| PROGRAM AREA | Citywide |
| LOAN TERMS | 5, 7 or 10 years, depending on collateral |
| Tier I | Projects up to $1,000,000 |
| % PARTICIPATION | 35% Maximum |
| MAXIMUM LOAN | $200,000 |
| INTEREST RATE | 5% fixed |
| ADDITIONAL DETAILS | • Collateral must be project related fixed assets • Personal and/or corporate guarantees required |
| Tier II | Projects over $1,000,000 |
| % PARTICIPATION | 25% Maximum |
| MAXIMUM LOAN | $350,000 |
| INTEREST RATE | 6% fixed |
| ADDITIONAL DETAILS | • Collateral must be project related fixed assets • Personal and/or corporate guarantees required |
Downtown Artisan Development Loan Program
| PURPOSE | Development of artist studios, workshops, retail boutiques, etc. |
| PROGRAM AREA | Central business district |
| % PARTICIPATION | Not to exceed 80% of total project cost |
| MAXIMUM LOAN | $50,000 |
| LOAN TERMS | 5-10 years, depending on collateral |
| INTEREST RATE | 6.5% fixed |
| ADDITIONAL DETAILS | • Applicant personal guarantee • Loan also guaranteed by Civic Center Development Corporation or other entity to cover collateral gap (via a loan guarantee account) • Collateral must be project related fixed assets, real estate, equipment, etc. |
Downtown Technology Based Business Development Loan Program
| PURPOSE | To encourage technologically based businesses to development/relocate in the Downtown Central Business District. Eligible program expenses include property acquisition, renovations, advanced office equipment, high-speed Internet hookups, etc. |
| PROGRAM AREA | Central business district |
| % PARTICIPATION | 50% of total project cost |
| MAXIMUM LOAN | $50,000 |
| LOAN TERMS | 5-10 years, depending on collateral |
| INTEREST RATE | 5% fixed |
| ADDITIONAL DETAILS | • Applicant personal guarantee • Collateral must be project related equipment (real estate if available) |
Downtown Restaurant Development Loan Program
| PURPOSE | Business start-up, expansion/renovation, real estate and equipment acquisition |
| PROGRAM AREA | Central business district |
| % PARTICIPATION | 60% of total project cost |
| MAXIMUM LOAN | $60,000 |
| LOAN TERMS | 5-10 years, depending on collateral |
| INTEREST RATE | 6.5% fixed |
| ADDITIONAL DETAILS | • Applicant personal guarantee • Collateral must be project related fixed assets (real estate if available) |
Citywide Commercial/Industrial Fire Safety Upgrade Loan Program
| PURPOSE | To provide for upgrades to existing non-compliant sprinkler systems, standpipes and alarm systems in high density Central Business District commercial buildings and in existing industrial buildings citywide |
| PROGRAM AREA | Citywide |
| % PARTICIPATION | Not to exceed 75% of total project cost |
| MAXIMUM LOAN | $30,000 |
| LOAN TERMS | 5-10 years, depending on collateral |
| INTEREST RATE | 3% fixed |
| ADDITIONAL DETAILS | • Applicant personal guarantee required • Collateral must be project related (i.e. fixed assets, real estate, equipment, etc.) • JLDC staff will work closely with the Jamestown Fire Department relative to potential candidates and referrals to the program |
For further Information on any JLDC Loan programs, please contact:
Vincent DeJoy, III, Executive Director
or
Stephanie Wright, Economic Development Coordinator
Department of Development
Third Floor, Municipal Building
Jamestown, NY 14701
Phone: (716) 483-7541
Fax: (716) 483-7772
Email: dod@cityofjamestownny.com
