Non-profit or for profit.

Loan project must be located in Fannin, Gilmer, Murray, Pickens, or Whitfield County.
 
 

Funds fixed assets and operating capital.

Private lender funds at least 50% of loan amount.
 

Borrower contributes at least 10% of total project.
 

RLF Funds the lesser of up to 50% of loan or $200,000.
 

Loans fully secured with collateral including principal personal guarantees.
 

Second lien position and same collateral as private lender.
 

RLF term generally same as bank up to 10 years.
   

RLF interest rate is 4% below prime (minimum 4%) and the private lender sets own rate.
 

Borrower prepares RLF application and may receive technical assistance from NGCDC Inc. or referrals.
 

Loan approval by private lender and NGCDC, Inc. Boards.

Private lender services loan including RLF.
 

RLF application fee.

Must be for profit and meet small business size limits.

Loan project location may be in any county within the State of Georgia.  NGCDC, Inc.'s target service area includes Bartow, Catoosa, Chattooga, Cherokee, Dade, Fannin, Floyd, Gilmer, Gordon, Haralson, Murray, Paulding, Pickens, Polk, Walker, and Whitfield.

Funds only fixed assets.

Private lender funds 50% of total project.

Borrower contributes at least 10% of total project.

SBA funds the lesser of 40% of fixed assets or $1.5 million.

Loans fully secured with collateral including principal personal guarantees.
 

Second lien position on same collateral as private lender, but may request additional collateral.
 

Project with real estate:  SBA 20 years-bank 10 years or more; project without real estate:  SBA 10 years-bank 7 years or more.

SBA interest rate determined by debenture sale, and private lender determines own rate within SBA maximum.
 

NGCDC, Inc. prepares SBA 504 application.
 

Loan approval by private lender and NGCDC, Inc. Boards and by SBA.

Private lender services its loan, and NGCDC, Inc. services the SBA 504 loan and reports to SBA.

SBA 504 application fee and servicing fee.

Must be for profit and meet small business size limits.

Loan project location should be in Cherokee, Fannin, Gilmer, Murray, Pickens, or Whitfield Counties, or an adjoining county in Georgia not serviced by another CDC.

Funds fixed assets, operating capital, and refinance of existing debt.

Private lender funds 100% of loan amount.
 

Borrower equity contribution as arranged with private lender.

SBA guarantees 75% of loans over $150,000 to $1 million. The maximum guaranty is $1 million or 50% of the maximum $2 million eligible project size.

Loans fully secured with collateral including principal personal guarantees.
 

Not applicable.
 
 

Terms range from one to twenty-five years depending on purpose, ability to repay, life of assets, etc.
 

Private lender determines own rate within SBA maximum.
 

Private lender prepares guarantee application (NGCDC, Inc. assistance available.).
 

Loan approval by private lender Board and SBA.
 

Private lender services loan and reports to SBA.
 

SBA loan application fee and loan guarantee fees.