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Posted on: March 13, 2019

Applications Now Available for $1 million in Low-Interest Loans for Downtown

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The Iowa Finance Authority has announced $1 million in low-interest loans available to owners in the Marshalltown Central Business District.  This funding is coming through the Main Street Iowa Mortgage program, with the interest rate being lowered to 2.5 percent for qualifying Marshalltown applicants.  The application process is being coordinated by the Marshalltown Central Business District.  Executive Director Jenny Etter says this program has been around for a long time, but has not been utilized in Marshalltown.  "It's a lengthy application but is worth it for an interest rate of 2.5 percent.  Hopefully owners in the Marshalltown Central Business District will see this as a tool to complete their renovations."

The application and related documents are listed below.  For questions or more information, please contact Jenny Etter at 641-844-2001 or director@mainstreetmarshalltown.org


Application

Sources and Uses Document

Pro Forma Document

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