Applicants must have been in business for at least two years, have no more than 500 employees and have active filings at the Georgia Secretary of State’s office, where their organizational documents must be in good standing.
Loans will have a 36-month term, and the first nine months of principal and interest payments will be waived. Applicants can request anywhere from $50,000 to $200,000. The program is focused on businesses that are able to adapt to generate sales.
More information is available at gcga.us/SmallBizAssist.