Commercial Rehabilitation Loan Program
Funding Amount
$5,000 - $35,000
Deadline
Rolling / Open
Grant Type
foundation
Overview
Commercial Rehabilitation Loan Program
Overview: Revolving loan fund for restoration, renovation, rehabilitation, and preservation of commercial buildings within the City of Franklin.
Administrator: City of Franklin
Geographic Scope: City of Franklin, Virginia (within corporate limits)
Award Amount: $5,000 - $35,000
Interest Rate: Fixed 1% above prime per annum
Loan Term: Up to 7 years maximum
Eligibility Requirements:
What They Fund:
Review Committee:
Contact Information:
How to Apply
Application Process
1. Application Format: Formal application available in program guidelines
2. Submission: Submit to City of Franklin Community Development Department
3. Required Documentation:
- Completed Commercial Loan Program application
- Financial documentation
- Project plans and specifications
- Property information and collateral details
- Design guidelines compliance documentation
4. Review Committee Evaluation: Applicants reviewed based on:
- Financial feasibility
- Collateral requirements
- Design guidelines compliance
5. Approval Timeline: Committee review and approval process
6. Repayment: Equal monthly installments commencing first of month after project completion
Application Materials:
Contact for Application:
What Franklin Southampton Economic actually gave
Source: IRS Form 990-PF, 2021 — the most recent filing with itemized grants
- Grants in 2021
- 1
- Total given
- $215K
- Median grant
- $215K
- By dollars: Virginia 100%. Top recipient cities: Franklin, VA.
Example grants
Franklin & Southampton County Businesses - No Single Grant Exceeding 5000 · Franklin, VA
Assistance for covid pandemic relief
$215K
Focus Areas & Funding Uses
Fields of Work
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