Access to Capital
Explore Loans, Grants & Other Funding Resources...
Federal, state and local governments offer a wide range of financing programs to help businesses start and grow their operations. These programs include low-interest loans, venture capital, and scientific and economic development. In addition to traditional loans, you may wish to explore other opportunities that range from grants and bonds to investor-based venture capital.
Once you have decided that your business idea is viable, you'll need to figure out how you're going to pay for this great idea of yours. The topics below will provide you with everything you'll need to know about funding your ...Loans
The Georgia Department of Community Affairs provides a comprehensive brief description of state, federal, and local programs that are designed to promote economic development and business enhancement in Georgia... Georgia Economic Development Financing Packet.
Bonds are a type of debt. Local development authorities can issue ?revenue bonds? in their carrying out their mission to ?to develop and promote trade, commerce, industry, and employment opportunities for the public good and the general welfare and to promote the general welfare of the state? [OCGA 36-62-1 et seq]. Revenue bonds can be issued by the development authority with the proceeds being used to acquire land, construct buildings, and/or purchase equipment by or on behalf of a business enterprise. The bond is repaid by the business through a regular payment schedule or a lease-purchase arrangement. That is, the bond is repaid by revenues from the project that is being financed, hence the term ?revenue bond.? It is important to note that the revenue bond is debt of the business and not debt of the development authority or the local government. Often, bond financing can be more attractive and more flexible than conventional financing methods; it can also enable additional advantages to the borrower?s project. However, the use of such bonds is subject to numerous state and federal restrictions, and the transaction costs can be high? Bonds.
The federal government does generally NOT provide grants for starting or expanding a business. Instead they provide credit guarantees to qualified business projects, grants for community planning and infrastructure improvements, and development of public facilities... particularly in economically distressed areas. The effect is to help improve the economic and community amenities that raise the overall standard of living in the community. Government grants have very stringent application, compliance, and reporting requirements to ensure the money is appropriately expended ...Grants
Venture capital is a type of equity financing that addresses the funding needs of entrepreneurial companies that for reasons of size, assets, and stage of development cannot seek capital from more traditional sources, such as public markets and ...Venture Capital