Helping small businesses reach big potential.

We may be able to help your company with gap financing – see which loans you qualify for.

Small Business Loans

Invest Atlanta administers these funds to encourage business development in the City of Atlanta.

SBA 504 Loan Program

Financial and technical assistance of up to $5 million for small minority- and female-owned businesses relocating or expanding in the City of Atlanta.

Type

Offers financial and technical assistance to small minority- and female-owned businesses relocating or expanding in the City of Atlanta.

Amount

Up to $5 million for job creation; $5.5 million for public policy manufacturers; $4 million for NAICS Sector 31, 32 or 33 manufacturers.

Structure

  • Private Financing - 50%
  • SBA Loan - 40%
  • Equity - 10%

Terms

10 or 20 years

Interest Rate

Based on 10-year Treasury Note

Requirements

10% Equity Injection

Eligible Areas

Citywide

Application Fee

Waived

Loan Fund Chart

Phoenix Fund

Provides small businesses with affordable loans from $10K to $100K.

Type

Provides small and medium-sized businesses with affordable loans.

Amount

$10,000 - $100,000

Structure

  • Private Financing - 67%
  • Phoenix Fund - 33%

Terms

3 to 7 years, (15 years for real estate)

Interest Rate

½ of prime plus 2% (4% minimum)

Eligible Areas

Citywide

Jobs Created/Retained

Create or retain 1 job for each $35,000 loaned

Application Fee

$100

Loan Fund Chart

Opportunity Loan Fund

Supporting job creation with gap funding from $100K.

Type

Supports job creation by providing gap funding to small and medium-sized businesses creating new quality jobs.

Amount

$100,000

Structure

  • Private Financing - 50%
  • Opportunity Loan Fund - 50%

Terms

3 to 7 years, (15 years for real estate)

Interest Rate

½ of prime plus 2% (4% minimum)

Requirements

20% Equity Injection

Eligible Areas

Citywide, with special consideration for businesses in Priority Areas.

Jobs Created/Retained

At least 5 quality jobs providing healthcare coverage

Application Fee

$100

Loan Fund Chart

Empowerment Zone Program

Stimulating growth within the Empowerment Zone with funding from $25-50K.

Type

Stimulating growth within the Empowerment Zone.

Amount

$25,000 - $50,000

Structure

  • Direct Loans

Terms

Up to 5 yrs for inventory & working capital, 7yrs fixed assets, 10 yrs leaseholder improvements & 15 yrs property acquisition.

Interest Rate

0% to prime +2

Requirements

10% Equity Injection

Eligible Areas

Empowerment Zone

Application Fee

$100

Loan Fund Chart

Atlanta Catalyst Fund

Aimed at supporting job creation in distressed neighborhoods with funding from $50-100K.

Type

Seeks to spur job creation and economic development by providing small business lending in distressed neighborhoods in the City of Atlanta.

Amount

$50,000 - $100,000

Structure

  • Direct loans

Terms

3 to 7 years

Interest Rate

Based on evaluation of cash flow

Requirements

20% Equity Injection

Eligible Areas

Targeted area

Application Fee

$100

Loan Fund Chart

Invest Atlanta NOW Account

A direct loan with a 2.5-3% fee to help businesses improve cash management, eliminate the risk of customer non-payments, and offload accounts receiving process and collections.

Type

Improves cash management, eliminates the risk of customer non-payments, and offloads accounts receivable processing and collections.

Amount

2.5% to 3.0% fee based on payment terms offered.

Structure

  • Direct Loans

Terms

90% of invoices paid within 5 days, remaining 10% minus fees paid 30 days after invoice maturity

Requirements

Your company handles company disputes

Eligible Areas

Citywide

Application Fee

Waived

Loan Fund Chart

Brownfield Revolving Loan Fund Program

Cleanup financing for eligible redevelopment products within the city limits.

The City of Atlanta-Invest Atlanta Brownfield Revolving Loan Fund (BRLF) provides brownfield cleanup financing for eligible projects within the Atlanta city limits. The loans provided by the BRLF fund the remediation required for site cleanup, which then allow redevelopment projects to go forward.

The BRLF is a joint venture between the City of Atlanta and Invest Atlanta. Funding for the program is provided by the U.S. Environmental Protection Agency.

Loans will be made based on the availability of funds to property owners in the City of Atlanta, if:

  1. The applicant can demonstrate credit worthiness based upon the financing policies of City of Atlanta BRLF Program;
  2. The project remains consistent with the City's Economic Development Plan, which may vary by location;
  3. The loan will meet BRLF program goals, and;
  4. Applicants are willing to participate in the Georgia Brownfields Program.

Eligible applicants are:

  1. Private sector, for-profit developers;
  2. Non-profit organizations;
  3. Local governments;
  4. A Borrower who is exempt from CERCLA liability, and;
  5. A Borrower who has and can assign access in writing to a site.

Ineligible borrowers include property owners when the property meets the following conditions:

  1. The property is listed, or proposed for listing, on the National Priorities List;
  2. Properties at which a removal action must be taken within six months (i.e.,time critical removal action);
  3. Where a Federal or state agency is planning or conducting a response or enforcement action, and;
  4. Contaminated by petroleum products except to address a non-petroleum hazardous substance (e.g., comingled waste).

Eligible project costs include:

  1. Actions associated with removing, mitigating, or preventing the release or threat of a release of a hazardous substance, pollutant, or contaminant (as appropriate to different site situations);
  2. Site monitoring activities, including sampling and analysis that are reasonable and necessary during the cleanup process, including determination of the effectiveness of a cleanup;
  3. Costs associated with meeting public participation, worker health and safety, and interagency coordination requirements;
  4. Costs associated with removal activities, including demolition and/or site preparation that are part of site cleanup, and;
  5. Environmental insurance premiums.

More Information will be made available in the Brownfield Revolving Loan Fund Policies and Procedures Manual or please download and complete the Pre-Application. For additional Information contact: Kent Spencer from Invest Atlanta at (404) 614-8329 or kspencer@investatlanta.com

Program Summary

Program Application

Intergovernmental Agreement

Guidelines and Procedures

Business Improvement Fund

Direct loans of up to $50K to businesses located within business improvement districts.

Type

Encourages the revitalization of targeted business districts and supports development in other eligible areas.

Amount

Direct Loans: $50,000 maximum
Loan Participants: Not to exceed 10% of total financing

Structure

  • Direct Loans

Terms

3 to 7 years

Interest Rate

Based on evaluation of cash flow statement.

Requirements

20% Equity Injection

Eligible Areas

Business Improvement Districts

Application Fee

$100

Loan Fund Chart

Atlanta Street Vendor Loan Fund

Provides support for permitted street vendors in the City of Atlanta to purchase of vending carts that are compliant with the vending ordinance.

Type

Assists permitted street vendor in the City of Atlanta by providing support for the purchase of vending carts that are compliant with the vending ordinance.

Amount

Up to $3,000.

Structure

  • Direct Loans

Terms

Not to exceed 2 Years

Interest Rate

0%

Requirements

Matching portion must be at least a 1:1 ratio

Eligible Areas

Citywide

Application Fee

Waived

Loan Fund Chart

Atlanta Advantage Loan Fund

A revolving loan fund for businesses in census-designated low-income neighborhoods.

Type

Senior or subordinate loans for industrial sector businesses

Amount

$1,000,000 - $3,000,000

Terms

24 to 48 monts on senior debt and 36 to 60 monts on subordinate debt

Interest Rate

4% to 5% on senior debt and 6% to 8% on subordinate debt

Requirements

Eligible borrowers include manufacturers, distributors, and service providers, with the target being established businesses with a track record of sustained revenues and profits. Excluded borrowers include hotels, restaurants, and most retail operations, start-ups, and early-stage businesses of all types, financial service providers, golf courses, tanning salons, gambling establishments, and liquor stores.

Eligible Areas

Census-designated low-income neighborhoods

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