• To assist with the expansion of existing small businesses and encourage the formation of new small business enterprises by providing access to capital to micro businesses that are unable to obtain credit from traditional sources.
  • To help small business owners overcome such barriers as inadequate collateral, little personal investment, and troubled credit history.

How does Small Steps Work?

The idea is to fund business projects in incremental steps enabling borrowers to take successively larger loans based on their needs and repayment record.

  • Step One: A client can receive up to $2,500 for up to one year
  • Step Two: After payback of the first $2,500, the borrower can get another $2,500 for up to one year.
  • Step Three: The same client can qualify for up to $5,000, to be paid back over 18 months
  • Step Four: Provides access to $15,000 for up to 60 months

Use of Funds:

  • Acquisition of machinery and equipment
  • Purchase of inventory
  • Working capital
  • Furniture and fixture
  • Business acquisition
  • Testing of a product or business idea

This program is a perfect match for small businesses that maintain low overhead such as:

  • Photography
  • Seamstress
  • Daycare
  • Painter and other construction trades
  • Seasonal business projects


  • Rates for Business located within the City of Savannah – 4%
    Business located outside the City of Savannah – 8%
  • Terms begin at 1 year.


  • A small business as defined by the U.S. Small Business Administration.
  • For-profit businesses located in the City of Savannah – and 53 counties in Southeast Georgia, and Beaufort, Charleston, Colleton, Dorchester, Hampton, and Jasper counties in South Carolina.
  • Independently owned and operated business.


All information is subject to change without notice.