The Northwest Georgia Regional Commission (NWGRC) is the recipient of a new Economic Development Administration Revolving Loan Fund grant for the region’s small businesses. Micro-loan funds are available to aid in efforts to alleviate the sudden and severe economic dislocation of the region’s small businesses and to seek significant improvement in employment in the region caused by the coronavirus (COVID-19) pandemic. Eligible small businesses must be located in Bartow, Catoosa, Chattooga, Dade, Fannin, Floyd, Gilmer, Gordon, Haralson, Murray, Paulding, Pickens, Polk, Walker, or Whitfield counties.
Small business owners may apply for up to a 7-year term, low interest loan ranging from $3,000 to $50,000 (Other loan amounts may be considered). Loans below $10,000 may be eligible without collateral (Personal Guarantee Required). Loan amounts above $10,000 will require additional collateral.
Please contact Jennifer Whorton at [email protected] for an application, eligibility questions and additional information.
