Low Interest Loans
Various Sources of private loan money from local banks may be available to qualified projects at a reduced rate for work inside the downtown district. Currently, five local banks are participating in the Downtown Loan Incentive Program which is offering $5 Million in loans at the banks Prime Floor Rate to business ventures recommended for approval by a Main Street Mason City Committee. These loans can be used to purchase a building or lot, expand inventory, improve a structure or many other uses.