The Business Incentive Loan Program was established by the City of Hallandale Beach City Commission as a means to stimulate the local economy through business expansion, improvements, and job creation. Under this program the Hallandale Beach CRA provides loans at 0-3% APR for exterior rehabilitation, expansion and/or relocation costs.
The program offers assistance of up to $50,000 for business owners currently leasing their storefront and up to $200,000 for commercial property owners. The loan will cover up to 80% of the total project cost. Awards are given on a first come, first serve basis, subject to Board approval. The property must be located within the Hallandale Beach Community Redevelopment Agency district as outlined in the HBCRA Boundaries Map.