Revolving Loan Fund Guidelines


  • The borrower must be the user of loan proceeds.


  • Business start-up or expansion must result in the creation of permanent jobs.


  • Revolving Loan Funds can finance up to 33.3% of the total project cost.


  • Businesses must provide 10% (minimum) of the project cost in equity.


  • For every $20,000 from the Revolving Loan Fund, the borrower must create one full-time job or the equivalent of two part-time jobs.


  • Fixed prime interest rates are available.


  • Loans are available up to ten (10) years.


  • Principals and business must be credit-worthy and generate sufficient cash flow to repay the debt.


  • Principals of the business must provide personal guarantees.


  • Hazard and key man insurance naming the Southwest Georgia Regional Commission as loss payee is required.


  • The borrower must pay for all legal costs associated with the transaction before loan closing.


  • The borrower must pay a one-time processing fee of 2.5% of the loan due at the time of closing and 1% closing fee.


  • Businesses must be located in the Baker, Calhoun, Colquitt, Decatur, Dougherty, Early, Grady, Lee, Miller, Mitchell, Seminole, Terrell, Thomas, or Worth Counties.



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