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Incentive Toolkit
The Atlanta Development Authority (ADA) has a variety of tools it its toolkit to support development and business growth in the City's of Atlanta including; tax increment financing (know as TADs in Georgia), Urban Enterprise Zones, 501(c)3 bonds, multifamily tax exempt bonds, and small business loans, to name a few. The programs show below are managed both by ADA and our partners. If you have questions about these incentives, please contact Gregg Simon, ADA's Manager of Business Engagement at 404-614-8301. |
Bond Programs |  |
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Small Business Loans |  |
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Grants, Conduit Loans & State Tax Credits | |
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TAD Programs | |
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New Markets Tax Credits | |
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| Incentive Type & Criteria | Business Improvement Loan Fund |
Phoenix Fund | Opportunity Loan Fund |
SBA 504 Loan Program |
| Loan Amount | Direct Loans - $50,000 maximum Loan Participants - Not to exceed 10% of total financing |
$10,000 - $100,000 | $100,000 - $200,000 | Up to $1.5 Million or 40% of total project costs $ 2 Million for minority business and $4 Million for manufacturing companies |
| Typical Structure | Direct Loans | Private Financing - 67% Phoenix Fund - 33% | Private Financing - 50% Opportunity Loan Fund - 50% | Private Financing - 50% SBA Loan - 40% Equity - 10% |
| Term of Loan | 3 to 7 years | 3 to 7 years (15 years for real estate) |
3 to 7 years (15 years for real estate) |
10 or 20 years |
| Interest Rate | Based on evaluation of cash flow statement | ½ of prime plus 2% (4% minimum) |
½ of prime plus 2% (4% minimum) |
Based on 10-year Treasury Note |
| Other Requirements | ||||
| Eligible Areas | CDIA | Citywide | Citywide with special consideration for businesses in Priority Areas | Citywide |
| Jobs Created/Retained | Area benefits or job creation | Create or retain 1 job for each $15,000 loaned | At least 5 quality jobs providing healthcare coverage | Create or retain 1 job for each $50,000 loaned |
| Application Fee | $50 | $75 | $100 plus 2% commitment fee |
$250 |
Definition of Incentives
Business Improvement Loan Fund: Encourages the revitalization of targeted business districts and supports development in other eligible areas, read more>>Phoenix Fund: Provides small and medium-sized businesses with affordable loans, read more>>
Opportunity Loan Fund: Supports job creation by providing gap funding to small and medium-sized businesses creating new quality jobs, read more>>
SBA 504 Loan Program: Offers financial and technical assistance to small, minority and female-owned businesses relocating or expanding in the City of Atlanta, read more>>
