This fund is capitalized by four area banks: BB&T, Bank of America, SunTrust Bank, and Wells Fargo Bank to promote economic growth in the Savannah region. This is done by enabling local banks to make equity and special debt investments for small business development. However, these investments are not regular bank loans. The Capital Fund seeks to undertake community development activities such as job creation through business modernization, diversification of the economy, neighborhood commercial revitalization, and special projects with a significant community development impact. The SBAC provides loan packaging and servicing for this fund.

The request must come through a local area financial institution or the SBAC, and a sponsoring financial institution must be willing to loan 50% of the request.

Eligible Uses

  • Small and minority business projects
  • Loan or investment requests that can not obtain funding from other reasonable sources.

Maximum Amount

50% of the total capitalization of request or $100,000; whichever is less. Higher limits may be applicable.


Rate is negotiated, but will reflect the risk associated with the transaction.


Term is negotiated, typically is no longer than ten (10) years.

Eligible Businesses

Businesses in 53 counties in Southeast GA, Beaufort, Charleston, Colleton, Dorchester, Hampton, and Jasper Counties in SC.


All information is subject to change without notice.