Neighborhood Business Assistance Program (NBAP)

Eligible Loan Uses

• Real estate acquisition
• Renovation of existing buildings
• Leasehold improvements
• New and/or used machinery and equipment acquisition
• Working capital

Benefits

• Low equity investment
• Low, fixed interest rate
• Avaliable for businesses located in the City of Dayton with revenues that do not exceed $1,500,000

Typical Financing Structure

• 95% NBAP
• 5% Owner’s equity injection

Maximum Loan Amount

• $2,500 to $50,000

Term

• Fixed asset: 3-10 years, depending on the useful life of asset
• Working capital: 3 years

Rate

• 5% fixed
• 3% fixed available in targeted corridors

Fees

• $50 application fee
• CityWide’s out-of-pocket closing costs-i.e. legal, title, recording, etc.