Business Development Loans – The City of Warren assists small business development with loans for capital assets and working capital to start or expand a business. Retention or growth of employment opportunities is a key factor for these short term, fixed rate, low interest loans. A business plan, financial records, projections and collateralization are required for these loans; however, assistance is available throughout the application process. Many times these loans are part of a larger financing package, with the City Loan providing the gap between primary financing sources and the owners equity. Warren Redevelopment and Planning Corp. administers the City Loan Programs. Loans cannot be used for speculative purchase of real estate or housing projects.

View the Revolving Loan Fund (RLF) Application as a PDF fill-in form

Façade Improvement Loans – The City of Warren encourages façade improvements in targeted areas by offering Façade Improvement Loans at 3% interest for up to $15,000 on commercial buildings and $25,000 on historic buildings. Loans can be used for façade improvements, landscaping, parking lot improvements, lighting, etc. Most commercial corridors qualify as target areas.

Mahoning Valley Economic Development Corporation – MVEDC has a number of programs available, from small business loans, i.e. SBA 504, to a day care center loan fund.

Industrial Revenue Bonds (IRB) – Small issue bonds that can be used for manufacturing purposes. A Bond issued by public entities on behalf of the companies, therefore having interest not subject to federal income taxes, allows for lower rates. Due to the up-front fees involved, however, these are not recommended for projects under one million dollars.