Arthur Kay Williams MicroBusiness Enterprise Center 230 S. Jackson Street, Suite 154 Albany, GA  31701 229-420-4600 Fax 229-420-8311

Loans made available through ACT! are used for gap financing.  There will be a mixture of public and private funds.  The public funds cannot be substituted for private funds.  Applicants are encouraged to maximize the amount of private financing before coming to ACT!

1.  EDA Revolving Loan Fund

• Funds can be used to purchase Fixed Assets, Real Estate, and Working Capital.

• Loans in the amount of $25,000 - $100,000

• Private lender investment required

• Loan terms - Maximum of 10 years for Fixed Assets, Maximum of 5 years for Working Capital, Maximum of 15 years for Real Estate.

• Investment at prime 2 to 3 points above prime.

2.  SBA Micro-Loan Program

• Loans up to $35,000

• Working Capital, Inventory, Furniture & Equipment Loans

• Loan terms - Maximum 6 years

• Business must meet credit requirements and SBA size standard

3.  SBA Community Express Loans - Business Loan Express

• Minorities, Women, Veterans, and Businesses in low-to-moderate income areas.

• Loans from $5,000 to $25,000.

• Unsecured

• Typically 7 year term

4.  Contractor Working Capital Program

• Loans up to $10,000

• Short term Working Capital loans

• Term - life of contract or 12 months

• Security - Assignment of contract, guaranty

• Business must meet DBE designation

5.  ACCION

• Loans from $500 to $25,000 ($10,000 maximum for new or start-up businesses)

• Terms - 1 to 60 months

• Installment loans, balloon loans, credit builder loans, and revolving lines of credit

• Loans are provided by ACT! through a partnership with ACCION USA