Department of Economic Development

Financing for new business ventures and expansions is available from both traditional loan sources and the U.S. Small Business Administration. Our local bankers are looking for qualified borrowers with sound business plans.

The U.S. Small Business Administration offers a number of loan programs for businesses employing fewer than 500 staff. For more information about these programs or to find a local SBA lender, contact the Georgia District Office (404-331-0100). The Small Business Development Center in Kennesaw can also provide free guidance related to both SBA lending programs and traditional loans.

The 7(a) Loan Program offers financial help to companies who meet very specialized requirements. Veteran-owned businesses and businesses needing capital to support export activity may qualify for loans under this program.

The Microloan Program provides short-term loans under $50,000. Funds can be used for working capital or the purchase of inventory, furniture, or equipment. Recipients may be required to take business or technical assistance training.

The CDC/504 Loan Program facilitates economic development in a community by providing small businesses with long-term, fixed-rate financing. Funds can be used to acquire major fixed assets for expansion or modernization.