A total of $500,000 is available through the program, with $400,000 coming from the city and another $100,000 pledged by the Downtown Development Authority. But in addition to this residents can contribute to the loan program by making a making a tax-deductible donation through Legacy Decatur at http://www.legacydecatur.org (those who donate over $100 get a yard sign).
As of late last week residents had already surpassed $11,000 in donations. That alone roughly equals what the city anticipates as an average individual loan. In a recent interview City Manager Andrea Arnold said she anticipates most individual loans will range from $10,000 to $15,000, although they can go as high as $25,000.