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Loan Funds Available Through State & Regional Agencies |
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*APPALACHIAN COMMUNITY ENTERPRISES BUSINESS LOANS AND SERVICES
Appalachian Community Enterprises was founded on vision to provide access to capital for those hard working, committed and persistent individuals who have a dream to own and operate a small business. The mission at ACE is to provide hope and opportunity for people to create financial freedom for themselves. ACE aims to provide small business loans, financial education programs, coaching and connections so that people can fulfill their dreams, create economic security for their families and contribute to their communities.
www.aceloans.org
3173 Hwy 129 North
Cleveland, GA 30528
Phone: 706-348-6609
Fax: 1-877-287-6081
E-mail:
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*APPALACHIAN REGIONAL COMMISSION REVOLVING LOAN FUND
The Business Development Revolving Loan Fund (RLF) is a $3 million pool that can be used in the Appalachian Region for loans to projects that create or save jobs and that:
• Encourage downtown development;
• Complement local development strategies.
Funds for the Business Development Revolving Loan Program were granted to DCA by the Appalachian Regional Commission. DCA administers the RLF but loans are made through local development authorities (LDAs). The DCA Loan Committee reviews all loan requests and sets terms for each approved loan application depending on project needs.
http://www.dca.state.ga.us/economic/financing/programs/appregion.asp
Russell Morrison at (404) 679-4825.
Georgia Department of Community Affairs
60 Executive Park South, N.E.
Atlanta, Georgia 30329-2231
*ONE GEORGIA AUTHORITY ENTREPRENEUR AND SMALL BUSINESS DEVELOPMENT LOAN GUARANTEE PROGRAM
By partnering with accredited Georgia financial institutions, the OneGeorgia Authority will provide new financial resources and opportunities for business development in Georgia’s at-risk areas through the Entrepreneur and Small Business Development Loan Guarantee Program (ESB).
With Georgia Grown Business Loans, eligible entrepreneurs and small business owners living in rural areas may reap the benefits of their hard work and hometown loyalty. The OneGeorgia Authority and accredited Georgia financial institutions will provide entrepreneurs and small business owners with access to loans ranging from $35,000 up to $250,000 at competitive interest rates. This unique public-private partnership allows any accredited financial institution in Georgia access to these shared-risk loan funds, provided the ESB-funded project is geographically located in one of Georgia’s designated ESB Counties. Start-ups and small business owners are encouraged to seek assistance from one of the area offices of the Georgia SBDC (Small Business Development Center) in the development of business and marketing plans as well as financial projections, strengthening their application for an ESB Loan Guarantee from their lender of choice.
OneGeorgia Authority
1202-B Hillcrest Parkway
Dublin, GA 31021
Phone:(478) 274-7734
Fax:(478) 274-7727
http://www.onegeorgia.org/programs/esb
*GEORGIA MOUNTAINS REGIONAL COMMISSION REVOLVING LOAN FUND
*Provides financing for the private sector development to create new jobs and retain existing jobs.
*New companies and expanding companies are eligible borrowers. Also, companies which are able to retain existing jobs only if RLF funds are made available.
*Applicant to provide one (1) job for each $15,000 borrowed.
*Assist small businesses / entrepreneurs, businesses owned and operated by minorities, women and others who are economically or socially disadvantaged.
*RLF funds will be used for fixed asset loans and working capital loans.
*Minimum of $15,000 with maximum of $150,000. Bank 50%; RLF 40%; Borrower 10%.
*Contact: Harriett McNeal, Finance Director;
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
; (770)538-2609. www.gmrdc.org/Finance.htm |
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