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Last updated: 4/11/19

Neighborhood Business Access Loans

We provide loans to support economic growth through job creation and developing local commercial districts. This program is administered by our Business Capital and Finance Unit.

Our goal is to prioritize small business lending to support job creation in low-to-moderate income households and the revitalization of neighborhood commercial districts. We offer these loans through the U.S. Department of Housing and Urban Development’s (HUD) Community Development Block Grant (CDBG) program.

Have questions on loan requirements or the policy? Please contact:

Apply for a loan

Neighborhood Business Access (NBA) Loans

New and existing businesses may apply for loans from $10,000 to $100,000. no interest or payments due for the first year.

Loan terms are flexible if you can show potential for job creation for an underrepresented service.

Micro Loans

New or recently formed businesses may apply for loans between $3,000 and $10,000 if they:

  • have no more than three employees, and
  • don't have funding from a traditional lender.

Loans can be used for buying equipment for more advanced small businesses.

Loan application

About CDBG

The U.S. Department of Housing and Urban Development's Community Development Block Grant (CDBG) Program provides communities with resources to address a wide range of community development needs.

The program works to:

  •  ensure decent affordable housing
  • provide services to the most vulnerable in our communities, and
  • to create jobs through the expansion and retention of businesses.

Businesses receiving funds must:

  • create new, permanent jobs for low-to-moderate income households, or
  • provide goods or services to the residents of a low-to-moderate income community.

Loans may be used to assist businesses with rehabbing existing buildings, new construction, equipment, startup costs, expansion, and working capital.