Funding Information

South Metro Microenterprise Coalition, Inc. (SMMC) offers micro loans to qualifying borrowers.

Loan Guidelines

Loan Purpose
All loans must be for a business purpose. Appropriate uses of SMMC, Inc. loans include but are not limited to:

Inventory, equipment and other tangible assets
Short term business training or certification
Promotions and advertising
Business consulting services
Obtaining a business license and certification
Seed Capital
Working Capital
Labor costs (ex. Contract workers)
Limited capital improvements to business space, depending on ownership of space.
Materials

Loan Limits

1st Loan Request
Maximum amount	$ 500.00
Minimum amount	$ 100.00

2nd Loan Request
All subsequent loans after the first will be approved on a step concept with gradually larger loans made as each loan is repaid up to a maximum loan amount of $2,000.00

Loan Terms
Loan Amount	*Maximum Term*
$ 100.00 to $249.00	3 months
$ 250.00 to $499.00	6 months
$ 500.00 to $749.00	9 months
$ 750.00 to $999.00	12 months
$1,000.00 to $1,499.00	18 months
$1,500.00 to $2,000.00	24 months

Interest Rate
12.00%*
*Subject to change

Late Fee
A late payment of 4% of the loan payment or a minimum of $5.00 will be charged on any payment made later than ten (10) days after the due date on the loan.

Loan Fee
There will be a loan fee of $10.00 on each individual loan application payable at closing.

MICROENTERPRISE FUNDING SOURCES

There are many sources of funding for micro-enterprise both in your local community and through government and private sources. While SMMC, Inc. offers small start up loans for qualified applicants, we would like to provide some additional non-traditional sources to assist each of you with your specific needs.

Atlanta Micro Fund
Loan sizes up to $10,000.00 for qualifying micro businesses located in metropolitan Atlanta.

Street Address: 675 Ponce de Leon Ave City Hall East/One Stop Capital Shop Atlanta, GA 30308	Mailing Address: P.O. Box 89285 Atlanta, GA. 30312

Voice: (404) 853-7345	Fax: (404) 853-7677

ACCION USA
Loan sizes from $500.00 to $50,000.00 for qualifying micro businesses.

Street Address: 235 Peachtree Street , Suite 2000
Atlanta, GA. 30303

Voice: (404) 521-0594
Fax: (404) 521-0597
National: (866) 245-0783
info@accionusa.org
www.accionusa.org

Business Loan Express, LLC (BLX)
SBA Lender with loans up to $25,000.00 to women, minorities, and veterans.

Contact: Clayton State University