Georgia Small Business Credit Guarantee (SBCG)
An SSBCI-funded loan guarantee program where the State of Georgia guarantees 50% of a loan made by a participating lender to a Georgia small business. Provides credit enhancement to help small businesses get approved for bank financing they might not otherwise qualify for.
About this program
The state reimburses 50% of losses incurred by lenders on enrolled credits. Borrower works only with the lender; the guarantee is between the lender and DCA. Provides 1:1 leverage of private to SSBCI funds.
Eligibility
Owner-occupied Georgia small businesses with 750 or fewer employees seeking loans up to $1 million (currently up to $400,000 with $200,000 guaranty maximum). Must be a for-profit or qualifying entity. Cannot be used for passive real estate investment. Special focus on SEDI-owned and very small businesses.