| Maximum Loan: |
$150,000 our portion. Projects can be as
large as $500,000. |
| Funds Available: |
$2,000,000 |
| Eligible Area: |
Business must be in the following counties in East Central
Georgia: Burke, Columbia, Emanuel, Glascock, Hancock,
Jefferson, Jenkins, Johnson, Lincoln, McDuffie, Richmond,
Screven, Taliaferro, Warren, Washington, and Wilkes. |
| Who is the Lender: |
CSRA Business Lending is the lender. Funds come from
a funding partnership CSRA has with the Department of
Commerce, Economic Development Administration. |
| Purpose: |
Can be used for most purposes including land, building,
equipment, inventory, working capital, vehicles, and business
acquisitions. |
| Structure: |
Typically we like participating with a bank. Typical
structure is Bank 45% in a first mortgage or lien, CSRA
Business Lending 45% (up to $150,000) in second mortgage
or lien. Business usually has to put down 10%. |
| Down Payment: |
Usually the minimum is 10% down. |
| Collateral: |
Determined by CSRA’s loan committee. Usually project
collateral stands as collateral for healthy expanding
businesses. |
| Terms/Rates/Fees: |
Rates usually determined by CSRA’s loan committee.
1% fee charged on all loans. |
CONTACT
Randy Griffin at 706-210-2010 (rgriffin@csrardc.org)
or Diane Masters at 706-210-2011 (dmasters@csrardc.org)
CSRA BUSINESS LENDING
3023 RIVER WATCH PARKWAY, SUITE A
AUGUSTA, GA 30907
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