Loan Committee
TIF Loan Coversheet TIF Loan Application CDBG Loan Coversheet CDBG Loan Application
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1st Tuesday @ 5:30P (as needed)

Loan Committee

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Loan Committee

Welcome to the Loan Board Committee Page!

The Town of Richmond has community revolving loan funds that are available to provide low interest loans to eligible property owners and businesses throughout Richmond.  Applications are available at the Town Office for anyone interested in borrowing money.

Home Improvement Loans are available to:

  •     Make energy conservation improvements
  •     Install septic or water systems
  •     Replace heating systems
  •     Repair roofs
  •     Other home repairs

Maximum aggregate amount to borrow is $20,000 with repayments up to 10 years at a 3.5 % fixed interest rate.

TIF Business Loans are available for Richmond Businesses:

  •     Building improvements or repairs
  •     Business equipment
  •     Business marketing cash flow

Maximum aggregate amount to borrow is $25,000 with repayments up to 5 years at 5% fixed interest rate.

Committee Members:

 Robert Bodge  

  Laurie Boucher

  Axel Christensen 

  Joseph Tilton  

  Corey Whitegiver