CityWide’s Revolving Loan Funds provide gap financing for fixed assets and permanent working capital to business located in the City of Dayton.


Eligible Loan Uses

  • Real estate acquisition
  • New construction*
  • Renovation of existing buildings*
  • New and/or used machinery and equipment acquisition
  • Permanent working capital


The Benefits

  • Low down payment
  • Gap financing


Typical Gap Financing Loans Structure

  • 60% bank or other private lender
  • 30% CityWide Direct Loan
  • 10% owner’s equity injection


Maximum Loan Amount

  • $200,000
  • $25,000 of CityWide loan dollars per job created or retained



  • Fixed asset: Useful life of asset up to 10 years
  • Working capital: Up to 3 years



  • Rates are determined by the assessed risk



  • $500 application fee
  • 1.5% origination fee
  • 1% deposit due upon acceptance of loan commitment to cover out-of-pocket closing costs – i.e. legal, title, recording, etc.


*Davis-Bacon prevailing wage requirements may apply