LACDC Offers New Loan Program To Help Improve Local Business Exteriors

LACDC News:

Los Alamos Commerce and Development Corporation (LACDC) announces a new program aimed at assisting local business improve the exterior of their buildings. 

The Facade Improvement loan program is available to any business in Los Alamos County located in a commercial zone. Loans are available in the amount of $500 to $25,000 and are 0 percent interest. LACDC has made up to $100,000 a year available under this program. LACDC will be partnering with Los Alamos National Bank for administration of the loans.

A façade is defined as the face of the building facing the street or parking area and used as the primary entrance and exit for the general public.   

Façade improvements include the entire façade or any part of the façade that needs repair, updating or replacement.

Examples of parts of a façade include:

  • signage;
  • lighting;
  • storefronts (doors & windows);
  • awnings;
  • painting;
  • stucco/plastering;
  • sidewalks; and
  • necessary architectural and other professional services associated with the design and permitting of eligible improvements.

Explicitly excluded from eligibility for this program is construction of new facilities or building interiors, additions or improvements to the side or back of buildings. Any side of a building that directly faces a street and is in the view of the general public can be considered for this program.

Applications are reviewed by LACDC and once approved will be sent to Los Alamos National Bank for administration. When the work is performed, the borrower will provide and invoice to LANB and the payment will be made directly.

Applications are available on the LACDC website at www.losalamosdevelopment.com or hard copies may be picked up at the Small Business Center at 190 Central Park Square.

Contact LACDC Executive Director Patrick Sullivan with questions about this program at patrick@losalamos.org or 505.661.4854.

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