Georgia Small Business Credit Initiative (SSBCI) Loan Program

If you’re a small business owner in Georgia, you may be interested in learning more about this financing option to help you grow and expand your business.


U.S. Department of the Treasury

State Small Business Credit Initiative (SSBCI) Program

  • Apply through SBAC as normal.  They underwrite; approve in-house or through Loan Committee, depending on loan amount; then send it out to the SSBCI folks at DCA in Atlanta for final eligibility review and approval.  DCA makes the funds available to us at closing.
  • Eligible Uses for SSBCI dollars include all of the normal things SBA 7(a)s allow…but do not include things like: (most) Refi’s unless the loan is AT maturity and meets other criteria, payment of taxes, goodwill/bluesky, non-owner occupied RE (60% owner occupancy required). 
  • Structure requires 10% down normally, and the bank loan must be at least equal to the SBAC loan.  SBAC will take a subordinate lien on project collateral – a lot like a 504.  If you have a large project and you only want us to take a small portion, we can do that too!
  • SBAC portion max is $1,250,000.
  • We can fund our loan for construction deals, bridge loans, or permanent loans.
  • Bank sets its own terms/rates/fees, etc. for its loan.
  • SBAC fee:  2% (of the SSBCI portion), due at the time of commitment letter-signing…then normally they are reimbursed at closing because we’ll ultimately finance that fee.