City of Savannah
CITY OF SAVANNAH BUSINESS LOAN PROGRAM
ELIGIBLE USE OF FUNDS:
Most any business purpose (except leasehold improvements)
MAXIMUM LOAN AMOUNT:
$150,000
INTEREST RATES:
In the City of Savannah:
Target Area 4.00% Fixed
Outside Target Area 6.50% Fixed
FEES:
SBAC loan fees generally range from 1% to 2%
LOAN TERM:
Up to 10 Years
Read more about the designated Incentive Zones on the City of Savannah’s website.
*All information is subject to change without notice.
SMALL STEPS LENDING PROGRAM
ELIGIBLE USE OF FUNDS:
Most any business purpose
MAXIMUM LOAN AMOUNT:
$15,000
INTEREST RATES:
In the City of Savannah:
Target Area 4.00% Fixed
Outside Target Area 6.50% Fixed
Outside of Savannah 8.00%
FEES:
SBAC loan fees generally range from 1% to 2%
LOAN TERM:
Up to 5 Years
Read more about the designated Incentive Zones on the City of Savannah’s website.
*All information is subject to change without notice.
CREDIT BUILDING LOAN PROGRAM
ELIGIBLE USE OF FUNDS:
Most any business purpose
MAXIMUM LOAN AMOUNT:
$1,000
INTEREST RATE:
0%
FEES:
SBAC charges a 2% loan fee
LOAN TERM:
1 Year
*All information is subject to change without notice.
CITY OF SAVANNAH BUSINESS LOAN GUARANTY
ELIGIBLE USE OF FUNDS:
Most any business purpose (except lease hold improvements)
MAXIMUM LOAN AMOUNT:
$100,000
INTEREST RATES:
Negotiated Rate With Bank
FEES:
SBAC loan fees generally range from 1% to 2%
LOAN TERM:
Up to 5 Years
*All information is subject to change without notice.
SBAC is a nonprofit economic development lender. Loan repayments and earned revenue are reinvested to support future lending and technical assistance, helping SBAC expand access to capital and strengthen small businesses and communities.
Let us know how we can help with your small business loan or business education needs. 