Small business loans in Atlanta

What financing options are available for small businesses in Georgia’s capital? Find out about possible loans and which ones might fit your business.

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Applying is free and won't impact your credit*

Types of business loans in Atlanta.

No matter your industry, business loans may help you obtain the capital you need to launch and grow your business. As you shop around for small business loans in Atlanta, you’re sure to come across these popular options.

SBA loans

SBA loans are business loans that are partially backed by the Small Business Administration (SBA), a federal agency. These loans are serviced by private lenders, but are popular because they generally have good interest rates.

Line of credit

Use a line of credit as a flexible form of financing. Unlike with a loan, this option does not involve a big disbursement upfront that you must repay, providing a flexibility that better fits many entrepreneurs’ needs.

Term loan

Term loans are common small business loans in which you would apply for a large disbursement of capital and then repays it over several years, along with fixed or variable interest.

Equipment finance

With equipment financing, you receive a piece of equipment and then pay off the cost of the equipment in installments. This way, your business can make money off the equipment immediately, even if you don’t have the funds to buy it at the sticker price.

Accounts receivable financing

Accounts receivable financing is an alternative form of business financing in which your unpaid invoices serve as collateral for a lump disbursement of funds.

Atlanta business loan options.

Several local organizations provide small business funding resources in Atlanta.

Atlanta Postal Credit Union offers several small business loans, like real estate loans and equipment loans. There are several branch locations throughout the Atlanta area.

Wayne Savings Community Bank is another place to consider for small business financing. It provides term loans, lines of credit, agriculture loans, and more.

Invest Atlanta provides several funds including the Phoenix Fund which supports small and medium-sized businesses with low-cost loans, and the Opportunity Loan Fund for businesses that create at least five new jobs in Atlanta.

SBA Loans Atlanta offers SBA loans through Signature Bank of Georgia, an SBA-preferred lender.

Access to Capital for Entrepreneurs (ACE) is a community development loan fund in Atlanta that offers microloans of $15,000 to $50,000 to businesses operating in Georgia.

LiftFund is a nonprofit organization focused on startup loans and microloans for businesses in Atlanta and other cities in Georgia.

Four simple steps to funding.

Tell us about your business.

Answer a few simple questions and complete the application in minutes.

Submit your application.

We’ll present your application to our marketplace 75+ lenders. Applying is free and won’t impact your credit score.

Compare offers.

Find the funding option with the terms that best fit your small business goals.

Get funded.

Once you accept, funding can hit your bank account in as little as 24 hours.

Speak with an Atlanta representative.

Atlanta
Dr. Eukeethia Barnes and Allen Huff
(678) 218-1930
eukeethia.barnes@lendiolocal.com
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FAQs

What other resources are available to Atlanta small businesses?

Atlanta SCORE can come in handy if you’re looking for free business mentorship. You may also take advantage of the Atlanta Small Business Network, which offers insight on business trends in the area and tips for entrepreneurs. In addition, the Georgia State University Small Business Development Center offers consultation services and training sessions. Another great resource is the Urban League of Greater Atlanta’s Entrepreneurship Center which hosts one-on-one consulting sessions and an eight-week startup accelerator. We can’t forget the Women’s Entrepreneurship Initiative and its incubator for female entrepreneurs, complete with mentors, co-working spaces, and post-incubation assistance.

What Atlanta small business grants are available?

Invest Atlanta, the official economic development authority in Atlanta created a Small Business Improvement Grant to support small business owners in five of the City of Atlanta’s Tax Allocation Districts: Campbellton Road, Hollowell-ML King, Metropolitan Parkway, Perry Bolton, and Stadium. It’s designed to assist with internal and external improvement costs. The city of Atlanta has also relaunched the COVID Relief Grant to support local businesses in the post-pandemic environment.

How do I use an Atlanta small business loan?

Atlanta small business loans are versatile, meaning you can use them to cover a variety of business expenses. If you take out a line of credit, for example, you may put it toward working capital costs. A term loan can assist with marketing, inventory, payroll, or anything else you need to operate smoothly. With an equipment loan, you may fund new or used equipment.

What do I need to qualify for an Atlanta business loan?

To qualify for a business loan in Atlanta, first determine how you’d like to structure your business (sole proprietorship, partnership, LLC, corporation, etc.). Then, use the Georgia Office of the Secretary of State Name Reservation Online Portal and register a business name. Next, obtain a tax identification number from the IRS, as well as your Georgia State Tax ID number and any licenses or permits you may need. Once you go through these steps, you’ll be ready to apply for a loan. Remember that lenders will consider factors like your credit score and annual revenue when deciding whether to approve your application.

Ready for funding?

See what you can qualify for on the Lendio Marketplace.

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