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Invest Atlanta Business Continuity Loan Fund NOW OPEN

March 23, 2020 10:47 AM | Anonymous

Economic Assistance for Atlanta Businesses Affected by COVID-19
To ensure the viability of city businesses and to help sustain employment, Invest Atlanta has established a Business Continuity Loan Fund (BCLF) with $1.5 million of funding from the City of Atlanta. The fund will offer small businesses zero-interest loans to address a lack of working capital and cash flows as a result of reduced consumer demand, the ability to fulfill product or service orders and other economic conditions.

APPLY NOW: https://www.investatlanta.com/business-continuity-loan-fund   

What are the terms of the loan?

Loans are paid back monthly over a term not to exceed five (5) years at an interest rate of 0%
with a 6 to 12-month deferment before the first payment is due.

  • Application follows SBA guidelines to include by not limited to:
    • Business narrative
    • Description of services and use
    • Executed lease or mortgage statement
    • Document COVID-19 impact on business
    • Last year's business and personal tax returns
    • Existing tax liens or funds owed to City of Atlanta
    • Financial statement for last 3 months
    • Articles of incorporation and secretary of state registration
    • City of Atlanta business license
    • Notarized Affidavit of Company Ownership 
  • Applications reviewed by Credit Review Committee bi-weekly. 
  • Funds to be available to approved applicants within days.   
  • Businesses can apply for the BCFL and SBA loans. No restrictions. 

Who is a qualified applicant for the BCLF?

  • The BCLF program is for businesses operating in the city limits for Atlanta. To be a qualified applicant for the BCLF, businesses must:
  • Be an existing for-profit corporation, partnership, sole proprietorship or non-profit with for-profit activities in the city of Atlanta that contributes to trade.
  • Be current on all financial obligations related to the lease or mortgage agreement for the business.
  • Have 50 or fewer full-time employees, i.e., employees working at least 30 hours per week or 130 hours per month.
  • Have been in operation for 1 year
  • Have a current City of Atlanta business license.
  • Be current on all city of Atlanta taxes and fees.




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