City of Countryside
Low-Interest Rate Business Loan Program
Business retention, as well as business attraction, is an important goal for the City of
Countryside. Consequently, The City, in cooperation with AmeriMark Bank, National
City Bank, State Bank of Countryside and Western Springs National Bank & Trust, has
established a low-interest rate loan program for existing and potential City businesses.
The goal of this program is two-fold: 1) to encourage existing businesses to remain in
the City by assisting in their plans for expansion, modernization, and rehabilitation to
better serve their customers and 2) to encourage potential new businesses to locate in
Countryside by assisting in making the new space suitable for their needs.
A. Eligible properties are those that are located within the corporate limits of the City
of Countryside. Loans may be made for commercial or industrially used
B. The borrower may be the building owner or tenant. When a tenant is the
borrower, the term of the loan shall not be longer than the tenant’s lease on the
property. Should the owner sell the property or a tenant move prior to the full
repayment of the loan, the loan may become due and payable.
A. Any expense relative to the expansion or improvement to a building, correction of
code violations, health and life safety concerns, façade or other aesthetic
improvements, weatherization activities, permanent
installation, repair, or upgrading shall be eligible for these funds.
B. Ineligible types of activities include purchase of real estate, furniture, other non-
permanent items and expenses incurred prior to loan approval.
All applicable building codes used by the City of Countryside at the time of the
application shall be followed for any work. Applicants must secure all necessary permits