The Atlanta Wealth Constructing Initiative is providing a second spherical of $10,000, zero-interest loans to assist small companies in sure elements of town get well from COVID-19 pandemic impacts.
The nonprofit provides desire to Black-owned companies positioned alongside the Atlanta BeltLine overlay district and within the metropolis’s Northwest, Southwest and Southeast areas.
The loans from the COVID-19 Small Enterprise Reduction Fund can be utilized for overhead, working bills and as much as three months of technical help. The loans have a six-month grace interval, then a 30-month reimbursement interval.
Among the many fundamental eligibility necessities are that the enterprise have been established earlier than March 16; be in good standing with the IRS and the Georgia Secretary of State’s workplace; and have annual revenues beneath $1.5 million.
The appliance deadline is Dec. 2. To use and for extra data, see the web site right here.
The nonprofit’s mission is to deal with Atlanta’s earnings inequality, which additionally has vital gaps by race and ethnicity. Among the many nonprofit’s companions is Make investments Atlanta, town’s financial improvement authority.