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Low Interest Loan Program
Main Street Program
Greenville, Texas

Participating Banks:

Alliance Bank, 6609 Wesley Street, Greenville, Texas 75402
American National Bank, 5809 Wesley Street, Greenville, Texas 75402
Bank of America, 5903 Wesley Street, Greenville, Texas 75402 (or)
Bank of America, 3300 Joe Ramsey Blvd. East; Greenville, Texas 75402
Bank One, 5906 Wesley Street, Greenville, Texas 75402
The First Bank of Celeste, 301 N. Hwy 69, Celeste, Texas 75423

Purpose: Encourage the renovation of buildings within Central Area zoning district

Administration: The Greenville Low Interest Loan program shall be administered in a cooperative relationship between the Greenville Main Street Program and the Participating Banks.


  • Any owner of a building located within the Central Area zoning district may apply for a low interest loan.
  • Design review applications may be obtained from the Main Street Manager, Doyle Dick, at the Municipal Building or by calling 903-457-3138.
  • Doyle Dick will notify each Bank in writing if a loan applicant receives a Certificate of Design Compliance from the Main Street Advisory Board.
  • Each applicant who receives a Certificate of Design Compliance should submit a loan application directly to any or all of the Participating Banks.
  • Applications will be approved or rejected independently by each Bank according to each Bank's own credit guidelines.
  • Each Bank that approves a low interest loan shall report to Doyle Dick prior to funding the loan.
  • If more than one Participating Bank approves a particular loan application, the loan shall be awarded by the Main Street Board on a rotating basis to the Bank which did not most recently make a low interest loan through the program.

Terms of Program:

  • A significant portion of the proceeds from a Low Interest Loan must be used by the borrower for enhancement of or improvement to the exterior or façade of a downtown building that is visible to the public. Such improvements include, but are not limited to, window and door repairs, glass replacement, façade or repair, brick and mortar repair, awnings, trim repair or replacement and paint.
  • Loan proceeds may also be used primarily for roof replacement or repair, provided, however, that at least a portion of the loan proceeds must be used for façade enhancement or improvement.
  • Interest Rate: One percentage point below Prime Rate as published daily in the Wall Street Journal under its money rates
  • Loan Amount: Minimum $10,000 and Maximum $25,000
  • Loan Maturity: 5 to 10 years
  • Multiple low interest loans may be made for the same downtown structure, at the Participating Bank's sole discretion, either by the same Bank or by another Participating Bank(s)
  • Each Low Interest Loan shall be serviced by the Participating Bank that made the loan
  • Loan proceeds funded from the Loan program shall be used solely for labor and materials to improve a downtown structure within the Central Area zoning district
  • The City of Greenville Main Street program is neither a guarantor nor indemnitor of any Low Interest Loan


Friends of Main Street
3216 Washington Street
Greenville, TX 75401

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