Top Small Business Loan Options in Georgia

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Top Small Business Loan Options in Georgia
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Behind the scenes, Georgia encourages lenders to
lend to small businesses
Georgia lenders and financial institutions can
participate in the Georgia Small Business Credit
Guaranty (SBCG) program which offers a 50 credit
guarantee on loans up to 400K for small
businesses with fewer than 750 employees to
finance expenses like start-up costs, working
capital, inventory, and equipment.
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If you have a small business in Georgia, you may
be looking into financing options
Businesses in Georgia are eligible for federal
loans and grants such as those through the Small
Business Administration (SBA.gov). For instance,
businesses in Georgia may be eligible to apply to
lending programs created specifically due to
coronavirus including Paycheck Protection Program
(PPP) loans, museums, and theatres, and starting
in early April 2021, the Restaurant
Revitalization Fund.
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Small businesses in Georgia are also eligible for
Rural Business Loans and standard SBA loans. The
State of Georgia has also partnered with The
Simple Dollar to help borrowers find good
business credit cards and with ACE, a nonprofit
community lender, to provide loans to small
businesses, even tiny mom-and-pop ones. ACE
administers the Georgia Green Loans initiative
that helps small businesses expand eco-friendly
products or services.
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The City of Atlanta has a variety of lending and
funding programs tailored just for businesses in
Atlanta
Many of the programs are summarized with detailed
frequently asked questions on the economic
development initiative Invest Atlanta website
including the Small Business Improvement Grants
up to 20,000 for commercial property owners
located in five key districts to make interior
improvements to enhance the customer or employee
experience .
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Small businesses in Dekalb County are eligible
for the DeKalb Better business loan Program which
loans up to 40,000 per small business. It is
primarily targeted at small businesses with less
than 1 million in revenue and fewer than 20
employees. This program was created to help
businesses cope with COVID-19 and is administered
by Citizens Trust Bank. Loan forgiveness is
offered if funds are spent for specific purposes
such as payroll.
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Georgia supports businesses financially in ways
beyond loans and grants they also offer tax
credits and exemptions to businesses!
Georgia offers generous tax credits to small
businesses which can put money back into your
pocket that you can invest in your business. The
Job Tax Credit provides incentives for jobs
created and a Quality Jobs credit for jobs that
pay 10 above the average wage of the county
where the job is based.
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Georgia also provides a tax credit to
manufacturers of personal protective equipment
(PPE) such as hand sanitizer to fight the
COVID-19 pandemic. All Georgia tax credits are
explained in detail in this handy brochure with
FAQs. Additional credits are available for
businesses located inside of the capital city of
Atlanta. Georgia also offers generous tax
exemptions to small businesses.
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