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Find similar grantsGeorgia Small Business Credit Guaranty is sponsored by Georgia Department of Community Affairs. Another SSBCI-backed program administered by the Georgia Department of Community Affairs, this initiative reduces lender risk by guaranteeing up to 50% of a small business loan or line of credit, up to $1 million.
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Georgia Small Business Credit Guaranty | Georgia Department of Community Affairs The Georgia Small Business Credit Guaranty (SBCG) Program provides a 50% credit guaranty to the lender on loans up to $1,000,000. The maximum amount of the credit guaranty is $500,000. There is an initial fee of a $200 processing fee, 1% of the guaranty amount for line of credit loans or a 2% of the guaranty amount for term loans up to 5 years.
Fees are paid at time of approval. SBCG is eligible for both term loans and line of credits. Corporations, partnerships, and sole proprietorships are eligible, as well as non-profits and cooperatives.
SSBCI programs target an average borrower size of 500 employees or less, but the business may not exceed 750 employees. Business purposes include start-up costs, working capital, franchise fees, equipment, inventory, as well as the purchase, construction, renovation, or tenant improvements of an eligible place of business that is not for passive real estate investment purposes. SBCG works well with working capital line of credit loans.
According to the current listing, eligibility includes: Small businesses in Georgia seeking loans or lines of credit, particularly those that may not fully qualify for conventional approval. (Operates through participating lenders, not direct application). Confirm the full requirements in the official notice before applying.
Georgia Small Business Credit Guaranty is funded by Georgia Department of Community Affairs. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Georgia. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.