The Entrepreneaur and Small Business Loan Guarantee Fund (Georgia)
Last modified on February 12, 2015.
|Applies to States or Provinces||Georgia|
|Name||The Entrepreneur and Small Business Loan Guarantee Fund (Georgia)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||OneGeorgia Authority|
|Applicable Jurisdiction||Applicants must reside in a county that has a total population less than 50,000 where poverty is 10% and greater, or the total population is less than 150,000 and a border is shared with a rural county.|
The Entrepreneur and Small Business Loan Guarantee Fund (ESB) were created by the OneGeorgia Authority to encourage the development or rural, locally owned, small business. The program, in partnership with accredited Georgia financial institutions, provides loans to eligible entrepreneurs and small business owners living in rural areas. These loans range from $35,000 up to $250,000 at competitive interest rates. The OneGeorgia Authority guarantees up to 50% of the loan, which can be used for start-up, fixed assets, or working capital. This public-private partnership allows any accredited financial institution in Georgia to access these shared-risk loans funds, provided the ESB project is located in a rural county.
|Contact Name||Lynn Ashcraft|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Georgia Code 50-34-15|
|Authority 2:||Loan Guarantee Program|