MICHAEL THURMOND CHIEF EXECUTIVE OFFICER

BOARD OF COMMISSIONERS

NANCY JESTER DISTRICT 1 JEFF RADER DISTRICT 2 PURPOSE OF THE LARRY JOHNSON SMALL BUSINESS LOAN DISTRICT 3 PROGRAM STEVE BRADSHAW DISTRICT 4 he DeKalb County Community Development Small Business MEREDA DAVIS JOHNSON DISTRICT 5 Loan Program is designed to provide below market rate fixed KATHIE GANNON Tasset financing to new and existing small DISTRICT 6 businesses like yours who want to do business in DeKalb County. This program GREGORY ADAMS DISTRICT 7 Community Development also establishes a platform for creating and retaining jobs for the County. As an engine SMALL BUSINESS LOAN for economic growth, the DeKalb County Community Development Department and its partner, Access to Capital for Entrepreneurs (ACE), are excited to provide Program small business financing opportunities to Community Development DeKalb County businesses. We are hopeful that the program will encourage enthusiasm SMALL BUSINESS LOAN and creativity in the marketplace and help open the door to an exciting and profitable Program future for DeKalb’s entrepreneurial community. SMALL BUSINESS Loan PROGRAM Eligible Use KEY POINTS Eligible borrower • Purchase machinery, equipment, he Small Business Loan Program supplies and inventory, and purchase of Any for-profit business that can can be used to make direct loans an existing business 1). Provide financial statements and to small businesses as well as • Facility related real estate acquisition, tax returns for at least two years of offer financing for working construction, renovation, or operations, 2). any existing business with Tcapital to companies located in, moving rehabilitation a minimum of two years of operations and to, or expanding within DeKalb County, • Working capital for purchase of 3). a start-up business where the principals Georgia. inventory only (restricted to a percentage of the business can demonstrate significant of the project, to be determined on a expertise in the industry in which the Minimum Loan - $15,000 case-by-case basis) business operates, and where the loan will Maximum Loan - $35,000 • Capital or leasehold improvements create new jobs or retain existing jobs. Interest Rate – not to exceed 5% • Architectural design, engineering, or Term – determined by the needs of the environmental testing For Additional Information: business 7- 10 years • Financial/technical assistance Non-traditional- collateral accepted Barry Williams • Business legal expenses Legal Entities – Sole Proprietorship, (404) 371-3217 Partnerships (General or Limited), Sub- DeKalb County Community Development [email protected] Chapter S Corporations, and Corporations [email protected] Minimum Credit Score - 560 Application: aceloans.org/dekalb-county-rlf/

HOW TO APPLY:

• Complete an on-line application: https://aceloans.org/dekalb-county-rlf/ • Once the on-line application is determined eligible, the Required Document • A credit report is pulled and evaluated with the initial application information List (h) is sent to the client requesting additional documents to complete an and reviewed against the requested loan amount; application package; • Underwriting takes place to determine eligibility; • A full application package is then sent to underwriting for credit analysis and • Conversations with the applicant will occur if the loan request needs approval recommendation. clarification or has eligibility issues. Loans that are declined will receive a • If the loan is approved, a closing is scheduled (closing usually occurs between letter of explanation and be referred to the Women’s Business Center; 30 and 45 days).