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Helping small businesses reach big potential.

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

How do you get started?

Run through our easy checklist or download an information flyer for more info.

1
RSVP for one of our in-person seminars or take it online.
2
Download informational flyer.
3
Fill out a loan application through the online platform.

Small Business Loans

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

Atlanta Cares Revolving Loan Fund (ACRLF)

Provides financial support in response to economic disruptions by COVID-19

Type

Aimed to alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic and provide permanent resources to support economic resiliency to further the long-term economic objectives of the region.

Amount

$10,000 to $100,000

Structure

  • Direct Loans

Terms

Not to exceed 7 years; with a 6-12-month deferment prior to first loan payment

Interest Rate

1% to 3%

Requirements

The ACRLF is created to provide a public benefit to small and medium-sized local businesses engaged in trade, industry, and commerce to address the economic shock to the business ecosystem and disaster caused by COVID-19 in the City of Atlanta.

Eligible Areas

Citywide

Jobs Created/Retained

During the COVID19 disaster and similar periods, ADA intends to help eligible businesses retain jobs.

Application Fee

Waived

Atlanta Recovery Loan Fund (ARLF)

Applications for the Atlanta Recovery Loan Fund (ARLF) will be opening soon. 

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

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

Waived

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

Waived

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

Waived

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

Waived

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

Application Fee

Waived

Business Improvement Loan Fund

Direct loans of up to $100K 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: $100,000 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

Waived

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

Atlanta Forward Loan Fund

Provides financial assistance to small businesses and start-up companies located within accelerators, incubators and co-working spaces in the City of Atlanta.

Amount

$5,000 to $20,000

Structure

  • Direct Loans

Terms

3 years with a six-month deferment before the first payment is due.

Interest Rate

2% Fixed

Requirements

Must maintain a business location in the City of Atlanta.

Eligible Areas

Citywide

Application Fee

Waived

Community Loan Fund

Provides funds for existing companies improving commercial property, purchasing equipment, furniture and fixtures, and paying off high-interest business debt.

Type

Funding for existing companies improving commercial property, purchasing equipment, furniture and fixtures, and paying off high-interest business debt.

Amount

$10,000 - $50,000; up to $30,000 can be used for working capital.

Terms

Direct Loans

Varies Between 3 and 7 Years

Interest Rate

3% Fixed

Requirements

Must be a recent graduate or attending a technical assistance program.

Eligible Areas

Citywide

Application Fee

Waived

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