最高可获得250美元,000 in down payment assistance to help your business acquire commercial property in Atlanta.

e世博esball, as part of the 亚特兰大商业开放基金 supported by Wells Fargo, has launched the Atlanta Commercial Down Payment Assistance Loan program to support local small businesses located in the city of Atlanta. This program offers low-interest financing to assist existing business owners in the city of Atlanta acquire commercial property.

贷款特点:

贷款产品类型
The Program will provide a direct loan to applicants for up to 20% of commercial costs, 不超过250美元,000. All loans will have a six-month deferment before the first payment is due.

贷款基金的用途
Loans shall be made for the purchase/acquisition and related renovations of a building zoned commercial within the city of Atlanta.

贷款规模
Minimum of $25,000; Maximum of $250,000.

利率
1%到3%之间.

贷款到期
Up to 10 years with a six (6) month deferment prior to the first payment; loan amortized over a 25-year period or equivalent of amortization schedule for standard commercial loans. There is no pre-payment penalty for paying off loans early. Any loan recipient that maintains ownership over 10 years shall have the option of having the remaining loan balance amortized based upon a 15-year period at a 3% interest rate.

贷款转换
After 10 years of consistent payments and meeting claw back provisions, the business can apply to convert the loan to a grant.

资格:

For-profit corporations, partnerships, or sole proprietorships:

• Be an existing small business with a 亚特兰大市 business license
• Be an existing small business interested in acquiring commercial real estate in the city of Atlanta with emphasis in low-income census tracts, 联邦机会区, 弱势群体的社区, or a New Markets Tax Credit approved area neighborhood
• Demonstrate growth potential in their industry
• Be current with all personal and business debt when applying for financing
• Plan to occupy 50% or more of the purchased building

非营利组织:​​

• Satisfy the criteria for for-profit corporations, partnerships, or sole proprietorships
• Derive 51% or more of their revenue from for-profit activities

餐饮服务业:

• Satisfy the criteria for for-profit corporations, partnerships, or sole proprietorships

• Derive 51% or more of their revenue from food sales

Applications will be accepted on a continuous basis. Awarding of loans is subject to funding availability. e世博esball staff will review all completed applications. 

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