Commercial Loan Program

The City of Springfield has operated a Commercial Loan Program since 1984, capitalized by the federal Community Development Block Grant program. All loans must be used to further the United States Department of Housing and Urban Developmentā€™s priorities of either creating jobs benefiting low-to-moderate income persons or removing slum and blight. The program is currently funded through revolving loan income. There are two loan programs under the Commercial Loan Program; the links below provide details on each program.  


Authorization


24 CFR Part 570; City of Springfield Special Ordinance 26604