Albany Community Together
Pulls From: N/A
Reports to: Business Credit Agencies
Website: http://www.albanycommunitytogether.com/
Counties served are =>
- Baker
- Bibb
- Calhoun
- Chattahoochee Clay
- Colquitt
- Crawford
- Crisp
- Decatur
- Dooly
- Dougherty
- Early
- Grady
- Harris
- Houston
- Lee
- Macon Marion
- Meriwether
- Miller
- Mitchell
- Muscogee
- Peach
- Pike
- Quitman
- Randolph
- Schley
- Seminole
- Stewart
- Sumter
- Talbot
- Taylor
- Terrell
- Thomas
- Troup
- Upson
- Webster
- Worth
About: ACT! provides financial assistance to small businesses who lack access to traditional sources of capital, i.e. banks. They often work in partnership with banks to meet the credit needs of small business owners. Their programs serve to close the financial gap, to make the business owner “whole” financially. They help the banks meet their customer financial needs by providing “gap funding”.
Here's what you need to know about their loan programs:
SSBCI Loan Program
- $125 non-refundable application fee
- Collateral is required.
- Documentation is required
- Low interest rates
- Loans available up to $250,000
- Bank participation is required!
City of Albany Loan Programs
- LOANS AVAILABLE UP TO $50,000
- Each application will be considered on the basis of the company’s unique financial needs.
- Interest rate based on market, up to 3 points above prime. Terms are typically matched to the life of the asset being financed or 3 to 5 years for working capital.
- Collateral is required
- $150 non-refundable application fee
- Loan proceeds can be used for equipment, inventory, working capital or for business or franchise acquisition
- Documentation is required
- City of Albany Businesses Only – the business must be located within the City of Albany to qualify
Micro Loans
Program provides small businesses with small short-term loans for working capital or the purchase of inventory, supplies, furniture, fixtures, machinery and/or equipment.