The Northwest Georgia Regional Commission encourages small businesses in the region that have been financially impacted by the COVID-19 pandemic to apply for low interest loans.
Eligible businesses may qualify for $3,000 to $50,000 loans with interest rates ranging from 1 percent to 5 percent on terms of up to seven years.  Approved loans can be used to assist businesses for:

• Re-opening after temporary closure;
• Retain, hire, or re-hire employees;
• Pay vendors with significantly aged payables; or
• To purchase needed machinery or equipment to assist with opening or re-opening to diversify businesses into new markets that will create or retain jobs.

Existing businesses must be able to demonstrate a credit worthy history prior to the pandemic.

The Northwest Georgia Regional Commission was awarded a $500,000 grant through the CARES Act COVID-19 Micro-Loan Fund from the Economic Development Administration.  Businesses seeking to apply or get more information can contact Jennifer Whorton at 706-272-2300.