Businesses located in Dayton’s Source Water Protection Area may take advantage of this loan program to fund projects that reduce or abate contaminated groundwater resulting from normal business activities.

Eligibility

• Business must be located in the designated Source Water Protection Area.

Eligible Loan Uses

• Equipment acquisition
• Renovation
• Working capital

The Benefits

• No-interest loans
• An economical solution to environmental challenges

Maximum Loan Amount

• Up to 100% of eligible project costs

Term

• Fixed asset: Useful life of asset up to 15 years
• Working capital: Up to 5 years

Rate

• As low as 0%

Collateral

• Subordinated mortgage
• Personal guarantee of owner

Fees

$100 application fee plus out-of-pocket closing costs – i.e. legal, title, recording, etc.