In addition to the grant and matching grant, loans that is available under the Commercial Rehabilitation Program. The loan will carry an interest rate of 3% per annum. The maximum loan amount cannot exceed $25,000 per store front. The loan shall be deferred and is only available to the property owner since the property will be used as collateral on the loan. Full payment of the program loan is required when:
 

1) the property is sold or title is transferred;

2) the property is refinanced;

3) when the note matures at the end of 15 years.