Small business loans
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Incentive Toolkit

The Atlanta Development Authority (ADA) as a variety of tools in its toolkit to support development and business growth in the City of Atlanta including; tax increment financing (known 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 shown below are managed both by ADA and our partners.

Bond Programs Small Business Loans Grants, Conduit Loans & State Tax Credits TAD Programs New Markets Tax Credits
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� � of prime plus 2%
(4% minimum)
� 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

If you have questions about Small Business Loans, please contact:

Lonnie Saboor, Manager of Small Business and Industrial Finance
404-614-8292
lsaboor@atlantada.com


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>>

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