The Milford Improvement Team is pleased to announce that applications are now being accepted for the Revolving Loan Fund.
The Milford Improvement Team Revolving Loan Fund Program is intended for permanent working capital and fixed asset financing for start-up and existing businesses in Milford.
Eligible applicants under this program may be a private business, developer or a public entity such as a town or development authority. Property to be developed must be located within the Town of Milford. Applicants must demonstrate an ability to repay the debt. Eligible uses include: Acquisition of land and buildings, new construction, façade and building renovation, landscaping and property improvements, and machinery and equipment.
The RLF may not be used for loan guarantees, acquisition of non-owner occupied real estate, payment of back taxes or refinancing of existing debt.
The Revolving Loan Fund is a loan program and applications will be subjected to a rigorous analysis to ensure the applicants’ ability to repay the loans in accordance with their specific terms and conditions. Applications will be accepted throughout the year as funds allow.
For more information, contact the Milford Improvement Team office at (603) 249-0676 or email email@example.com