Revive. Restore. Reimagine: City of Modesto Loan Program
Building Modesto’s Bright Future Together
At the heart of every great city lies its business owners — a combination of community spirit, local entrepreneurship, and shared success. This is where economic growth starts! The City of Modesto Loan Program is a revolving loan fund and is being offered by Valley First at a discounted rate. These loans provide strategic funding for façade and streetscape improvements, small business growth, and overall economic vitality – while empowering local businesses and community stakeholders to breathe new life into Modesto's landscape, one block at a time.
Rates as low as 2.50% APR1
City of Modesto Loan Program
Small Business Growth & Expansion Loan³
- Loans from $2,500 to $75,000
- Fixed Rate Term
- Up to 60-month repayment terms for loans over $2,501
Business Beautification Loan⁴
- Loans up to $100,000
- Fixed Rate Term
- Term:
- WITHOUT real estate collateral – 3 to 7 years
- WITH real estate collateral – up to 20 years
”I’m incredibly grateful to Valley First for believing in me and my business. This opportunity has helped me grow, and I look forward to building a long-term relationship with a financial partner I can trust.”
Alicia Ramirez
Java District
Get Started Today!
Our business experts are here to help you.
Select Business Loan, and indicate the loan you're interested in, in the Comments section.
1 The APR is calculated as the Prime Rate minus 5.00%, with a minimum rate (floor) of 2.50%. As of January 1, 2025, the prime rate is 7.50%. Please note that the Prime Rate is subject to fluctuations, which may result in a higher APR. Loan programs, rates, terms, and conditions are subject to change at any time without notice. All loans are subject to approval, and applicants must meet membership and account qualifications.
2 Restrictions apply. Loan terms, including minimum and maximum amounts, repayment options and applicable fees, are subject to program guidelines. Borrowers must meet eligibility requirements, including providing financial documentation. Loan approval is subject to credit and collateral review, with terms, conditions, and rates subject to change. Business must be based in Modesto, CA.
3 Eligibility Requirements for Small Business Growth & Expansion Loan: The small business must become a member of Valley First Credit Union ($5 membership fee & $25 share account to be opened). Any business in the City of Modesto is eligible for membership. Business Ownership & Location: Must own the business in Modesto.
See credit union for terms.
4 Business Beautification Loan Requirements: The small business must become a member of Valley First Credit Union ($5 membership fee & $25 share account to be opened). Any businesses in the City of Modesto are eligible for membership. Business Ownership & Location: Must own the business in Modesto.
See credit union for terms.
Building Code Compliance: Beautification must comply with local building codes and zoning regulations.
Construction Contractor: Only licensed contractors registered with the state are used for any construction work related to the beautification.
For real estate collateralized loans: A deed of trust/security instrument and applicable riders will be recorded. This will secure (i) the repayment of the Loan and all renewals, extensions, and modifications of the Note and (ii) the performance of the Borrower’s covenants and agreements under this Security Instrument and the Note. Any tax, government-related, or judgment liens (i.e., mechanics lien) must be paid outside of closing.
Additional documents to sign: COVID-19 Business Impact Declaration Form, Demographics and Impact Tracking Form and Affidavit of Loan Purpose.
How may we help you?