The City of Muscatine is offering a forgivable loan program for businesses in the amount of $10,000 for improvements related to city code updates and/or that meet the ADA accessibility guidelines. Businesses in the eligible district may receive a forgivable loan up to $10,000 for a term of five years. Each month, 1/60th of the loan is forgiven until the entire five years are completed. The applicant must provide a 1:1 match.
The City has allocated $50,000 in funding annually. Funds will be awarded to qualifying businesses based on availability of funds. Please complete the application below in its entirety. Submitting an incomplete application will result in a longer review period. Loan agreement and documents must be finalized before any work on the project may begin. Work done prior to an executed agreement will not be eligible for funding.
Please see below for a copy of the application and supplemental information that MUST be completed. There is also an attachment of the eligible district that. If a business is not located in the defined district, then they are not eligible for the Code Compliance and ADA Accessibility Forgivable Loan program through the City of Muscatine.
For any questions please contact the Community Development Department.