The Downtown Loan Pool program was created by the Raleigh City Council in 2004 to extend loans to downtown businesses with the goal of focusing private investment to complement the City's capital investment. The program includes portions of Dawson Street, Glenwood Avenue, Hargett Street, Martin Street, Davie Street, Fayetteville Street, Blount Street, Person Street and designated at primary retail Street in the Comprehensive Plan. Designated secondary retail streets include portions of Harrington Street, West Street, McDowell Street, Dawson Street, Salisbury Street, Wilmington Street, West Morgan Street, Hillsborough Street and Peace Street.
To be eligible for the loan program, commercial property and business owners must demonstrate management ability and experience. Qualified applicants must show they are unable to secure financing from financial institutions for the amount being requested from this program.
To learn more, please contact the — Business Assistance Program Manager — Luther Williams