Economic Development Corporation
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Need a good Loan program for your new or existing small business? The Georgia Mountains Regional Economic Development Corporation (EDC) has the solution to certain small business financing needs. Now available from the EDC are programs that provide reasonable rates, lower down-payments, and longer repayment terms on loans for eligible small businesses. Up to 90 percent financing is available for fixed assets such as land, buildings, equipment and lease hold improvements. The broad-reaching program encourages bank to make loans that they might not ordinarily make on their own. If you have been unable to get long-term financing at reasonable rates, then the EDC may have a loan for you How Does the EDC Work? Created in 1982 as a non-profit Certified Development Company, the EDC is authorized to make loans in Cooperation with private lending sources - the Bank that you already trust and deal with daily. Benefits You Receive If you qualify for an EDC loan for your business, you can receive the following benefits:
Who Is Eligible? A borrower must:
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