Loan Programs

Commercial Real Estate 504 Loan Program | SBA 7(a) Bank Guaranty Program | MicroLoan Program | City of Savannah Sponsored Loan Programs | Savannah Regional Small Business Capital Fund | Contractor/Vendor Working Capital Loan Program | United States Department of Agriculture Intermediary Relending Program (IRP) | Small Steps to Success Loan Program

Commercial Real Estate 504 Loan Program
This program is for the acquisition, construction and/or renovation of commercial land and buildings as well as the acquisition of long lived (20 year or longer) machinery and equipment. This program provides long term, fixed rate (typically below market) financing to businesses that will retain and/or create jobs in the state of Georgia and Beaufort, Hampton and Jasper Counties in South Carolina.

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SBA 7(a) Bank Guaranty Program
This program is the "common" SBA loan that can be used for any business purpose – working capital, inventory or equipment, refinance existing debt, or to purchase a business. A bank makes the loan, and the SBA provides a guarantee – up to $562,500. The maximum loan amount is $750,000.

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MicroLoan Program
If you are a business in our approved area (See Map) needing a small loan for most any business purpose, perhaps the MicroLoan Program is for you. The maximum loan is $35,000 and it may be combined with another bank loan for a total financing of $105,000.

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City of Savannah Sponsored Loan Programs
The City of Savannah, in their effort to stimulate economic growth in the City, makes loans available to small business owners through SBAC. Priority is given to businesses located in low to moderate income neighborhoods, minority owned businesses and businesses that will create jobs for low to moderate income persons. Loan guarantees and direct loans are available.

City of Savannah Direct Loan Program

City of Savannah Business Loan Guaranty Program

HUD Special Purpose Loan Program

Martin Luther King Revolving Loan Program

Savannah Regional Small Business Capital Fund
This program is for small and minority business projects within the counties of Bryan, Bulloch, Chatham, Effingham and Liberty counties. It is for loan or investment requests that can not obtain funding from other reasonable sources. If your bank is BB&T, Bank of America, SunTrust or Wachovia, you can apply under this program.

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Contractor/Vendor Working Capital Loan Program
This program is for businesses certified as minority or woman owned by the MBWE initiative. Eligible businesses may obtain short-term working capital loans to ensure the timely performance of contracts awarded to them. The maximum loan is $25,000 for the life of the contract or six (6) months whichever is less. An assignable contract with a two-party payee on draws is required.

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United States Department of Agriculture Intermediary Relending Program (IRP)

The USDA program can be used for any business purpose – business acquisition, business construction, leasehold improvements, working capital, purchase of inventory, supplies, machinery and equipment, or furniture and fixtures. Operating in 13 counties in Southeast Georgia, (See Map) the maximum USDA loan is $150,000 and the loan funds must be shared with a local bank.

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Small Steps to Success Loan Program
"Small Steps to Success" loan program is an ideal way for micro entrepreneurs to fund business projects or start-up that can start small and grow. This is a credit builder loan for those facing credit history issues, no collateral or little money to invest.

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