Purpose

The Small Business Assistance Corporation provides a business loan directly available to qualified borrowers. Priority is given to businesses located in low to moderate income neighborhoods, minority owned businesses, and businesses that will create jobs for low to moderate income persons.

Use of Funds

  • Working capital
  • Purchase of real estate inventory
  • Supplies
  • Furniture and fixtures
  • Raw materials
  • Machinery and equipment

Maximum Amount

Each application will be considered on the basis of the company’s unique financial needs. The maximum loan amount is $150,000. Higher limits may be applicable.

Rates/Term

  • The rate is variable, to be determined on a case-by-case basis.
  • The repayment period will be determined on a case-by-case basis not to exceed ten (10) years.

Eligible Businesses

  • For-profit businesses in the state of GA, and Beaufort, Charleston, Colleton, Dorchester, Hampton, and Jasper Counties in SC.

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All information is subject to change without notice.