| In
order to keep its funds recirculating, the LDC focuses on small,
short-term loans at below market interest rates. Most loans average
between $7,000 and $20,000. Terms for repayment are usually set
between two and five years.
Because
the LDC’s funds are in high demand, the Board carefully targets
projects. Though applications are not restricted to downtown Fort
Collins, projects proposed in that area receive preference. The
LDC has always considered highly visual, aesthetic improvements
to the downtown area as one of its chief goals, and applicants
intending to use a significant portion of their loan to renovate
exterior facades also receive preference.
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