Opportunities for Modesto real estate owners looking to start a business
Moving to one of the homes for sale in Modesto, CA, might be just the ticket if you're looking to start a new business in town. The city sponsors an initiative called the Community Development Revolving Loan Fund, which is intended to help those who are looking for assistance in the local market.
The application process to receive funding through this grant can be simple enough with the right guidance. Once you've set up the business and realized that you need some assistance in gathering capital, you must gather up all the required documentation. Additionally, keep in mind that priority is given to businesses operating in economically disadvantaged areas.
The full list of required paperwork you'll need to submit along with your application is available on the city's website. It includes (but is not limited to) a business and marketing plan for the next three years, personal financial and tax statements for anyone with a 10 percent or more stake in the business and copies of leases or loan documents.
You'll send this paperwork to the Parks, Recreation & Neighborhoods Department of the city of Modesto. The department will review it within the next five to ten business days before they get in touch with you regarding the status of your request.