Incentives offered for
developing in Downtown Memphis . . .
PILOT Program
Development Loan Program
Historic Tax Credit Program
Main Street Tenent Loan Program
Broker Bonus Program
Bond Issues
Go to download of
Main Street Tenant Loan Application
Program
(Requires Adobe Acrobat Reader)
Learn more about
Center City Development Corporation
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main street tenant loans
The Main Street Tenant Loan
Program is designed to facilitate the implementation of the Center City
Commission's Main Street Redevelopment Plan by helping new retailers and new
office tenants secure financing for tenant improvements (furniture and fixtures,
machinery and equipment, and leasehold improvements) by enhancing the equity
position of the borrowers. Loans
may be made for up to 90 percent of project costs.
The Center City
Development Corporation places on deposit with the lending
institution an amount equal to 20 percent of the loan.
Downtown financial institutions participate in the program by making tenant
improvementloans with terms that match the
length of tenant leases to businesses that meet the criteria set forth under
this program and accepting the enhanced equity position provided by the CCDC.
The Main Street Tenant Loan
Program is available to new retailers and new office tenants locating in
first-floor space on Main Street between Gayoso on the south and Adams on the
north, as well as between Front Street and Second Street on the east-west
streets crossing Main.
Recognized retail categories that are
specifically targeted with this program include:
- Children's Apparel
- Women's Apparel
- Men's Apparel
- Children's/Toy Store
- Specialty Shop
- Sporting Goods
- Video Rental
- Home Furnishings
- Shoes
- Service Retail
For a copy of the application and general policies
of the Main Street Tenant Loan
Program, download the application or call the Center City Commission at (901)
575-0540.
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