The Stoughton Redevelopment Authority’s (RDA) downtown Revolving Loan Fund (RLF) was created to assist businesses and commercial property owners with building rehabilitation (interior and exterior), building construction, and furniture/fixtures/equipment. It is funded by Tax Increment District #4.
Businesses and mixed-use properties within the program boundary area are eligible for a loan up to $50,000.
Projects may include:
Interior remodeling (electrical, plumbing, walls, fixtures, HVAC, etc.)
Working capital
Furniture/fixtures/equipment (computers, desks,tables, appliances, etc.)
Exterior façade work (windows, tuckpointing, siding, awnings, etc.)
New building construction. Single properties may be eligible for more than one loan. For example, each business in a multi-tenant building may apply, and the property owner may also apply to remodel second floor residential or office space.