Application Process
1
Review Program and Eligibility Information Below
2
Apply Online Through Neighborly
Receive up to $100,000 in low-interest loans to help your business obtain tangible assets like real estate.
Program Overview
The Atlanta Recovery Loan Program (ARLP) is a new loan program supported by the Wells Fargo Atlanta Open for Business Fund in partnership with United Way of Greater Atlanta and Invest Atlanta. ARLP offers low-cost loans to help small businesses grow ownership of tangible assets — a major challenge for diverse-owned small businesses — to help them build wealth and avoid displacement due to changing economic conditions.
Eligible Applicants
- Businesses with fewer than 500 employees
- Partnerships or Sole Proprietorships
- Non-profits
Businesses in all commercial areas in the city of Atlanta, including those operating on City of Atlanta-owned property are eligible.
Loan Amount
- $25,000 to $100,000
- For participation loans, the lesser of no more than 10% of total financing or $150,000
Interest Rate
Not to exceed 3%
Terms
Not to exceed 7 years
Eligible Expenditures
- Purchase of commercial property and land
- Building office/store renovations
- Acquisition of office/store equipment and other fixed assets
- Working capital related to expansion of business
- Inventory, i.e., products and materials
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Learn more about the Atlanta Recovery Loan Program: Press release
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Learn more aobut the Atlanta Open for Business Program