Availability and Uses.
The Evanston Main Street - Urban Renewal Agency has a low interest loan program for facade improvements. The loan funds can also be used for awnings, signage and sidewalk repair. Each application is considered by the Board of Directors who establish loan amounts, interest rates and terms.
Interest rates do not exceed 5%.
Loans are made for a maximum 7-year term.
A minimum match of 25% is required.
The Main Street Design Committee must review plans for facade modifications and signage. The review and design assistance is free of charge.
How to Apply.
Submit the following information to the Evanston Main Street Office.
Complete name(s) of the owner(s) of record of the property. If the applicant is not the owner, the applicant must provide a written statement from the owner(s) approving the project and the loan.
A statement describing the nature and scope of the project.
An estimate of the cost of the project.
A financial statement of the business or owner(s).
Description of collateral.
Contact Jane Law at 783-6320 or any of the Main Street – Renewal Agency Board of Directors.