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The additional 1 million will allow us to recapitalize the loan program. This will allow us to provide lowinterest rates to invest in corridors. Were looking at about 3. 5 rate. But the loan is also available to citywide businesses or businesses across the city. The last time we actually provided resources to this Revolving Loan fund was in 2013, under mayor lee. And main street lounge is our partner in administering the loan. Were currently actually amending their contract, so we can add the additional dollars. Next piece is the 2 million allocation for the next two years to expand the s. F. Shines program, into the bayview, excelsior and lower haight. The dollars support Small Business owners to make improvements to their storefronts and interiors. With the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the ....
The additional 1 million will allow us to recapitalize the loan program. This will allow us to provide lowinterest rates to invest in corridors. Were looking at about 3. 5 rate. But the loan is also available to citywide businesses or businesses across the city. The last time we actually provided resources to this Revolving Loan fund was in 2013, under mayor lee. And main street lounge is our partner in administering the loan. Were currently actually amending their contract, so we can add the additional dollars. Next piece is the 2 million allocation for the next two years to expand the s. F. Shines program, into the bayview, excelsior and lower haight. The dollars support Small Business owners to make improvements to their storefronts and interiors. With the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the ....
Loan program. This will allow us to provide lowinterest rates to invest in corridors. Were looking at about 3. 5 rate. But the loan is also available to citywide businesses or businesses across the city. The last time we actually provided resources to this Revolving Loan fund was in 2013, under mayor lee. And main street lounge is our partner in administering the loan. Were currently actually amending their contract, so we can add the additional dollars. Next piece is the 2 million allocation for the next two years to expand the s. F. Shines program, into the bayview, excelsior and lower haight. The dollars support Small Business owners to make improvements to their storefronts and interiors. With the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the neighborhood. We estimate that the additional dollars will ....