the additional $1 million will allow us to recapitalize the loan program. this will allow us to provide low-interest rates to invest in corridors. we re looking at about 3.5% rate. but the loan is also available to citywide businesses or businesses across the city. the last time we actually provided resources to this revolving loan fund was in 2013, under mayor lee. and main street lounge is our partner in administering the loan. we re currently actually amending their contract, so we can add the additional dollars. next piece is the $2 million allocation for the next two years to expand the s.f. shines program, into the bayview, excelsior and lower haight. the dollars support small business owners to make improvements to their storefronts and interiors. with the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the neighborhood. we estimate that the additional dollars will support about 100 businesses over the
the additional $1 million will allow us to recapitalize the loan program. this will allow us to provide low-interest rates to invest in corridors. we re looking at about 3.5% rate. but the loan is also available to citywide businesses or businesses across the city. the last time we actually provided resources to this revolving loan fund was in 2013, under mayor lee. and main street lounge is our partner in administering the loan. we re currently actually amending their contract, so we can add the additional dollars. next piece is the $2 million allocation for the next two years to expand the s.f. shines program, into the bayview, excelsior and lower haight. the dollars support small business owners to make improvements to their storefronts and interiors. with the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the neighborhood. we estimate that the additional dollars will support about 100 businesses over the
loan program. this will allow us to provide low-interest rates to invest in corridors. we re looking at about 3.5% rate. but the loan is also available to citywide businesses or businesses across the city. the last time we actually provided resources to this revolving loan fund was in 2013, under mayor lee. and main street lounge is our partner in administering the loan. we re currently actually amending their contract, so we can add the additional dollars. next piece is the $2 million allocation for the next two years to expand the s.f. shines program, into the bayview, excelsior and lower haight. the dollars support small business owners to make improvements to their storefronts and interiors. with the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the neighborhood. we estimate that the additional dollars will support about 100 businesses over the next two years. just quickly, just some history on the progr
agencies are going to accomplish our goals, to help our small businesses and streamline the efforts. and also with the s.f. shines program, the program manager with that program has been working closely with ria in our office, with accessible business entrance program and our grant funding. we re really trying to align and maximize all of our funding efforts and supporting each other s programs, so that we re really making it much easer for businesses as far as helping them. so that s it s really great to see how we re really working closely together. so accomplish our goals. great. well, thank you so much, commissioners. if i may, i just wanted to say thank you very much for the positive responses. we re looking forward to doing more. we know that there s more work to be done. we re certainly not stopping or resting on any of the achievements that we ve shared with you so far. i think that i think that we re we are living in a very complicated environment for small b