Good Neighbors Revolving Loan Fund

The City of Aberdeen, Good Neighbors Revolving Loan program is established for the purpose of making loans to private commercial property and business owners for the purpose of making exterior, interior and safety improvements to commercial buildings and property in the downtown business district, along the state routes and the historic district.

Special consideration will be given to projects that are located within the historic district.

  1. What Can I Do with the Money?

Upon approval by the Good Neighbor’s Revolving Loan Fund Committee, loan funds can be used for nearly any improvements that will improve the exterior of a building or lot and some interior improvements such as HVAC, historic renovations, etc. Allowed improvements include:

  • Exterior painting
  • Repair/replacement of original building ornamentation
  • Masonry cleaning or repair
  • Repair/replacement of windows and casings
  • Purchase or repair of awnings
  • Repair and purchase of signs
  • Landscaping
  • Sidewalk repair
  • Parking lot improvements and/or repairs
  • Removal of Asbestos or other hazardous materials
  • Code required fire safety improvements and floodplain requirements
  • Other similar exterior improvements meeting committee approval
  • HVAC repairs
  • Interior historic renovations meeting HPC and committee approval
  1. How Much Money Can I Apply for?
  1. How Long Do I Have to Pay the Loan Back?
  1. How Long Does It Take to Get a Loan?
  1. How Do I Apply for Funds?