Georgia Micro Enterprise Stabilization Loan Program

Georgia Micro Enterprise Stabilization Loan Program

(GMESL Loan Fund)

Program Information

The Georgia Micro Enterprise Stabilization Loan Program (GMESL Loan Fund) provides established small businesses located along the Buford Hwy Corridor in Brookhaven, Chamblee, and Doraville, or in Clarkston, with access to affordable capital to stabilize operations, increase working capital, purchase equipment, expand services, or support growth.

The GMESL Loan Fund program includes the following characteristics:

• Loan size: $5,000–$25,000
• Loan Volume: 5 loans
• Interest rate: 5%
• Term: 12–36 months
• Cash-flow proxy underwriting
• Turnaround goal: less than 21 days

Qualifying established small businesses are:

• Microbusinesses generating between $50,000- $250,000 in gross annual sales
• Business activity with proof of commercial transactions
• Business license is not required
• Owner can provide Tax ID, EIN, or ITIN
• Owner can provide a valid photo ID
• 3-6 months of bank statements of the business operation
• Minimum 6 months of operations
• Minimum credit score of 580-600
• No active bankruptcies or tax liens
• Located along the Buford Hwy Corridor in Brookhaven, Chamblee, and Doraville, or in Clarkston, Georgia.

Click here to complete the interest form to see if your business may be eligible for the program.