Grove City Town Center Loan Program

  • Phone: (614) 645.6171

The City of Grove City has established a Town Center Loan Program (TLCP). The program is designed to stimulate job creation and revitalize under-utilized properties within a targeted area.

Boundaries: Town Center
Loan Amount: Up to $150,000
Interest Rate: 3 percent
Loan Term: Up to 20 years
Private Investment: At least a 1 to 1 ratio preferred
Equity: Ten percent of total project costCollateral: Real estate, business and personal assets
Purpose/Use of Loan: Real estate, equipment, working capital
Prevailing Wage: NA
Job Creation: Job creation must be demonstrated
Loan Committee: External
Relocation: No
Historic: No
Environmental: Yes, if real estate is involved 
Contact: Community Capital Development Corporation
900 Michigan Ave. Columbus, OH 43215
(614) 645.6171