The Office of Business Opportunities (OBO) is utilizing their highly successful Facade Improvement (Exterior Building Improvements) and Commercial Loan programs (Inventory, Equipment, or Physical Property Improvements - Interior or Exterior) as redevelopment tools for targeted portions of Farrow Road and West Beltline Blvd.

Up to $15,000 available for a single Facade Improvement Project (External Building Improvements Only)
ADDITIONAL $10,000 Forgivable Commercial Loan available to candidates applying for a Facade Improvement Project (General purpose loan - exterior or interior uses)

Forgivable Commercial Loan Program Details 
Matching Forgivable Facade Improvement Program Details


NOTE: The CRLF is only accepting applications that have financing participation from a bank, or other private lending source, but still need additional funding to complete their projects.


Commercial Revolving Loan Fund (CRLF)

The Office of Business Opportunities (OBO), through the Commercial Revolving Loan Fund (CRLF), has funds available to lend to qualifying small businesses located in the City of Columbia. The goal of the commercial revolving loan program is to foster economic development and improve the number and caliber of job opportunities in the City of Columbia.  OBO offers assistance to start-up and existing businesses for expansion, creation or retention of jobs, and assistance in the redevelopment of commercial corridors and the elimination of blight.

The City of Columbia's commercial loan program supports Small and Minority/Women Owned Businesses and businesses located in priority development areas of the City.  The funds may be used in cooperation with private lenders in making loans that banks might not ordinarily fund on their own or to provide gap financing beyond what is offered by a bank for a project.  Small businesses unable to receive financing from other lenders at reasonable rates and terms may also be eligible.

Funds may be used for the following:
 * Building construction or rehabilitation
 * Business conversion or expansion
 * Purchase of real estate, machinery, equipment, supplies, or materials
 * Working capital

Commercial Loan Application
Commercial Loan Brochure

Facade Improvement Program

The City of Columbia's Facade Improvement Program aims to improve the appearance of commercial corridors throughout the city that are significantly deteriorated.  Through this forgivable loan and grant program, commercial property owners and/or business tenants are able to make improvements to the front and other exterior portions of commercial buildings that can be seen from the public right-of-way.