Springfield Facade Loan Program

The goal of the Center City Facade Improvement Loan Program is to promote and encourage rehabilitation of building facades within the Center City Target Area.

Eligible Area

Commercial Street Historic District
Boonville Commercial Corridor
Downtown Park Central Square Area
Walnut Street Historic District

Eligible Projects

Any commercial building within the Center City Target Area that is currently occupied by a business or signed lease for future occupancy. The interior of the building must be in sound repair and subject to the City's Redevelopment Review Team inspection.

Terms of the Loan

The term of the loan shall be for a period of 10 years or less with interest and principal deferrable for years 1-5. The interest rate for years 6-10 shall be the 90 day LIBOR + .95, with a minimum of 5%. The Loan Committee shall have the discretion to negotiate the terms with the applicant.

Loan Amount

Up to $75,000

Loan Security

Each loan shall be secured with appropriate collateral as determined by the Loan Committee, typically a deed of trust on the property which is improved.

Loan Approval Process

1. File application with the City of Springfield Planning and Development Department.

2. City Redevelopment Review Team Site Visit.

3. Preliminary Review by Loan Committee

4. Process applications

• Credit Analysis
• Plan Development
• Scope of Work
• Cost Estimate
• Environmental Assessment (inc. Sec 106 review)

5. Urban Districts Alliance Review

6. Loan Committee

7. Closing Documentation

City of Springfield, Missouri
Department of Planning & Development
Division of Economic Development
840 Boonville Avenue
Springfield, MO 65802 (417) 864-1031

Click for printable application

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