Microloans
SBA MICROLOAN FUND
ELIGIBLE USE OF FUNDS:
Most any business purpose EXCEPT Real Estate Purchase
MAXIMUM LOAN AMOUNT:
$50,000
INTEREST RATES:
Fixed Rate: 8.0%
FEES:
SBAC loan fees generally range from 1% to 2%
LOAN TERM:
Maximum 7 Years
*All information is subject to change without notice.
CREDIT BUILDING LOAN PROGRAM
Attend the free Credit Building Workshop
For entrepreneurs and small business owners looking to establish or repair their credit to achieve their business goals.
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.
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
*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.
