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.
Invest Atlanta, as part of the Atlanta Open for Business Fund supported by Wells Fargo, has launched the Atlanta Recovery Loan Program to support local small businesses located in the city of Atlanta. The Atlanta Recovery Loan Program (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.
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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