The InStore Forgivable Loan Program helps existing businesses expand and new businesses become established on targeted commercial corridors. Retail, food, and creative arts businesses are eligible for the program.
InStore approves a limited number of projects each year for forgivable loans.
- $15,000 to $50,000
- No payments, no interest
- Forgiven after five years
If the business remains open and operating at the location for five years, the loan is forgiven and the business pays nothing.
The InStore Forgivable Loan Program is a program of the Department of Commerce.