Joint Development Authority of the
Unified Government of Athens-Clarke County and the
City of Winterville

JDA Turntable Revolving Loan Fund for Small Business Growth

Low-interest loans for small businesses in Athens-Clarke County and the City of Winterville
to help businesses grow and create new and better sustainable jobs.
APR: 2%, Term: 30 months, Loan Amount: $3,001 – $25,000, Min. Credit Score: 650

STEP 1: PRE-APPLY
To be eligible to apply you must show that:

Loan will be used for commercial purposes.
Proof of payment of current and previous 3 yrs. of occupation tax.
Proof of business physical address within the legal boundary of Athens-Clarke County.
Business registered in good standing with the Georgia Secretary of State.
Applicant is the owner(s) of the business receiving the loan.

STEP 2: PRE-QUALIFY
JDA to determine if application is qualified to apply.

STEP 3: APPLY
Requests meeting JDA evaluation criteria will be invited to apply via the servicer bank.
Application requirements:

1. 3 years of business tax returns (for S-Corp, C-Corp, LLC, LLP) or personal returns including schedule C.
2. Credit check
3. Corporations: a personal guarantee, credit check for each individual owning more than 20% of business applying for the loan.
4. Non-refundable $250 application fee for qualification review and underwriting.
5. ACH (automatic clearing house) debit for payments on the 5th of each month.

STEP 4: APPROVAL
All creditworthy applications will be ranked by the JDA Board according to strategic priorities. Available funds will be allocated to the highest ranked proposals, pending funds availability.

Details: https://sites.google.com/view/jda-acc-winterville/home

Questions: [email protected]

Feb. 2024

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