Use of Funds

Primarily working capital, real estate, equipment, business acquisition and other purposes approved by City Council. Funds may be used in tandem with other financial programs such as SBA 504 real estate loans as equity.

Generally the TCLP will not refinance debt (flexibility based upon tangible benefits to the borrower and the community). Funds may be used for investment property but must show permanent job creation or retention and must add to the vitality of the district.