Bank of Luxemburg has increased the dollar amount and eligible footprint for their Revitalization Program. The program, which initially allocated $1 million to businesses within Luxemburg, will now allocate $3 million to the fund and it will be available to businesses throughout Kewaunee County.
The Revitalization Program assists business owners to enhance the physical appearance and economic vitality of their businesses and commercial buildings within all of Kewaunee County. Long-term objectives of the program include physical improvements of buildings, landscaping and parking lots, plus increased pedestrian functionality.
“Like Luxemburg, Algoma has its main street program, and Kewaunee is looking toward additional development with its harbor renovation,” said Executive Vice President Tim Treml. “From the Town of Carlton to the Town of Red River, there are small businesses that could benefit from this program.”
Loan amounts will vary from $5,000-$50,000 with a low fixed interest rate and special repayment terms based on individual project needs. Eligible loan uses include facade improvements, pedestrian cover, historical preservation, structure renovations and accessibility improvements.
Interested Kewaunee County business owners can contact Mike Stone at Bank of Luxemburg at 920.845.2345 or [email protected].