Yes, you can. It depends on the project to determine the viability of funding awarded. Is there a building you want to turn into a business or business incubator? Will your project bring in a steady cash flow? Does it contribute to the economic viability of Downtown Toccoa? We would love to talk about your project with you.
DDRLF FAQs
Category: DDRLF
That's right. If you do not have the funds available to complete your project up-front (acqusition, rehabilitation, etc.) you will need to take out a construction loan. The DDRLF funds will be awarded at project completion, which can then be used to pay off that construction loan.
Category: DDRLF
If you want to be awarded funding, you need a business plan. DCA needs to see at least three-year projections of revenue. They need to see that debt servicing will be met. If you don't have a business plan, we are happy to work with you to get one created.
Category: DDRLF
While we prefer you send us all financial information we need, as it will help make your application more competitive, it is understandable that you may not want your local DDA to see the financial information required for the application. If this is the case, you are more than welcome to submit the information directly to DCA, who will then match it up with the application we submit.
Category: DDRLF
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