Joint Development Authority of the Unified Government of Athens-Clarke County and the City of Winterville

Low-interest loans for small businesses in Athens-Clarke County and the City of Winterville to help businesses grow and create new and better sustainable jobs.

APR: 2%
Term: 30 months
Loan Amount: $3,001 - $25,000
Min. Credit Score: 650

STEP 1: PRE-APPLY

To be eligible to apply you must show that:

• Loan will be used for commercial purposes.
• Proof of payment of current and previous 3 yrs. of occupation tax.
• Proof of business physical address within the legal boundary of Athens-Clarke County.
• Business registered in good standing with the Georgia Secretary of State.
• Applicant is the owner(s) of the business receiving the loan.

STEP 2: PRE-QUALIFY

JDA to determine if application is qualified to apply.

STEP 3: APPLY

Requests meeting the JDA evaluation criteria will be invited to apply via the servicer bank.

Application requirements:

1.    3 years of business tax returns (for S-Corp, C-Corp, LLC, LLP) or personal returns including schedule C.

2.    Credit check

3.    Corporations: a personal guarantee, credit check for each individual owning more than 20% of the business applying for the loan.

4.    Non-refundable $250 application fee for qualification review and underwriting.

5.    ACH (automatic clearing house) debit for payments on the 5th of each month.

STEP 4: APPROVAL

All creditworthy applications will be ranked by the JDA Board according to strategic priorities. Available funds will be allocated to the highest ranked proposals, pending funds availability.

Details: https://investathensga.com/entrepreneurship-and-small-business/grow-2/turntable/

Questions: [email protected]