Free research guide
Three SBA funding routes for Georgia businesses
Sources checked
Start with the purpose of the financing: working capital, a business acquisition, equipment or premises. These federal loan programs are relevant to eligible Georgia businesses, but each has different limits and a different application route. They are loans that must be repaid.
This is an introductory comparison, not a lender offer or an eligibility decision. Program availability, rates and terms must be confirmed with the lender. The source pages below govern if their information changes.
7(a): several business purposes
SBA lists working capital, equipment, business ownership changes and eligible real-estate uses among the purposes of 7(a) loans. The maximum loan amount is $5 million.
Check before applying
Applicants must meet SBA size and other eligibility rules, be creditworthy and demonstrate repayment ability. The program also has a credit-elsewhere requirement; a large maximum does not establish your eligibility.
Next step
Apply through a participating lender. Ask the lender which documents and loan structure fit your proposed use.
504: major fixed assets
SBA describes 504 financing for eligible buildings, land and long-term equipment. Its detailed program section lists a maximum loan amount of $5.5 million; the amount available depends on the project and program rules.
Check before applying
504 financing cannot fund working capital or inventory, or speculation or investment in rental real estate. Do not treat it as a general-purpose property investment loan.
Next step
Start with an SBA Certified Development Company (CDC), which works with a senior lender on project financing. Confirm required owner contribution, eligible costs and total financing before committing to a purchase.
Microloans: smaller financing needs
The SBA Microloan program offers loans up to $50,000 through intermediary lenders. Listed uses include working capital, inventory, supplies and equipment.
Check before applying
Proceeds cannot pay existing debts or buy real estate. An intermediary makes the credit decision and sets the loan terms; the program maximum is not a promised offer.
Next step
Use the SBA directory linked from its program page to find an approved intermediary serving your area. Confirm current requirements and availability directly.
Prepare with a Georgia resource
UGA Small Business Development Center’s SSBCI team offers assistance with financial statements, projections and funding preparation. Its page also lists no-cost educational workshops. An advisory conversation can help you prepare; it does not constitute approval for a loan.
Questions to take to a lender
Use this research checklist to make the first conversation specific:
- Does my intended use qualify, and what evidence must I provide?
- What owner contribution, collateral or personal guarantee is required?
- What is the total borrowing cost, including fees, and can the rate change?
- What repayment schedule, application steps and timing should I expect?
No affiliation with SBA, UGA SBDC or a lender is claimed. Georgia Opportunity Ledger is a research service.