Downtown Loans are meant to encourage investments within the Downtown Urban Renewal District in ways that contribute to its economic vibrancy and established goals. This flexible financing program supports unique redevelopment opportunities, specific downtown redevelopment challenges, as well as individual project financing needs in a way that help make our downtown dreams a reality.
Funds can be used for but are not limited to:
Building rehabilitation or renovation
Interest rate is fixed, typically below market, for the term of the loan.
Repayment terms are structured to meet individual project needs.
$50 non-refundable application fee
1% loan fee
$75,000 - $500,000: dependent upon availability of funds. Applications for larger or smaller loan amounts may be considered on a case-by-case basis.
Project financing will not exceed 50% of overall project budget.
Located within the Downtown Urban Renewal District (see map below)
“Put simply, The Barn Light wouldn’t exist without the City of Eugene’s Downtown Loans program. This financial tool— which is readily available, easy to obtain and comes with favorable interest rates— makes small local businesses possible. Beyond the capital made available through this program, the relationships you develop with city staff is truly invaluable. They embody a wealth of information and experience and have a great number of resources at their disposal to ensure that your project gets off the ground and succeeds.” - Thomas Pettus-Czar, Owner The Barn Light
Business Loan Analyst
99 W 10th Ave
Eugene, OR 97401
Fx: 541-682-5572 Email