• Purchase, construction, renovation, or improvement of owner-occupied commercial real estate 

    • Purchase or installation of commercial equipment 

    • Purchase or installation of furniture, fixtures, and equipment 

    *All renovations must comply with City’s building standards 

    • Available to for-profit and nonprofit businesses and organizations  

    • Minimum loan amount: $25,000  

    • Interest rates and down payment requirements are determined based on the applicant's overall financial profile, including factors such as creditworthiness, collateral, and ability to repay. 

    • Main Street

      • Center St. to E. 7th St.

    • Center Street

      • Old Ridge Rd. to E. 6th St.

    • East Street

      • E. 2nd St. to E. 4th St.

    • New Street

      • E. 3rd St. to E. 4th St.

    • Front Street

      • Center St. to the Lakefront

    • E. 2nd Street

      • East St. to the 3rd Street Bridge

    • 4th Street

      • New St. to the Lakefront

Building Hobart, Brick-by-Brick

The BUILD Loan Fund provides financing to eligible businesses investing in Downtown Hobart through owner-occupied commercial property improvements, redevelopment, equipment, and furniture, fixtures, and equipment (FF&E).

The program is administered and managed by the Northwest Indiana Regional Growth Fund in partnership with the City of Hobart.

Downtown Hobart Eligible Business Properties

Contact the Growth Fund Today!