Use of Funds

Funds can be used for most any business purpose.

Maximum Loan Amount

$150,000

Interest Rate

Fixed at 6.5%, but may vary based on source of funds used by SBAC

Term

Term is based on the number of draw requests to perform on contracts in a timely manner.

Eligible Businesses

For-profit businesses who have received a contract from the City of Savannah, Chatham County, or Savannah/Chatham County School Board.