Lowry Hill East: Commercial Loan Program

The Lowry Hill East Neighborhood Assoication (LHENA) seeks to assist commercial property owners in the rehabilitation of existing commercial properties as well as to attract commercial businesses to the neighborhood via affordable commercial loans. The guidelines below are subject to change at any time without notice. Loan funds are subject to availability. Please call us at 612-335-5884 for complete details.

Loan Terms

• Loan amounts from $2,500 to $30,000
• 3% APR
• Fixed rate
• 20% match required
• terms up to 10 years

Property Eligibility

• Commercial businesses within the Lowry Hill East, whittier, East Isles, South Uptown, and Lowry Hill neighborhoods

Types of Improvements

• Improvements to correct code violations and OSHA / ADA improvements
• Additional improvements include: awnings, windows, doors, sidewalks, energy efficiency improvements, insulation, lighting, tuck pointing
• 2 bids are required from a qualified licensed contractor if the project exceeds $5,000
• All projects must receive prior approval from Lowry Hill East Neighborhood Association