... DeKalb County … Better Business Loan Calculation – S-Corp C-Corp Etc. The deadline for Community Economic Development Grants is extended through December 2020. Applications open and close as determined by the DeKalb County … The DeKalb Better Business Loan Program is a partnership with local banks to provide financial relief to small DeKalb County businesses impacted by the COVID-19 pandemic. THE APPLICATION WILL BE AVAILABLE HERE BEGINNING AUGUST 3, 2020. With more than $19,185.00 million dollars in grants and additional local government funding sources of $12,953.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses … See here for LISC’s national small business relief initiatives, and here for resources available in DeKalb County. We strongly encourage repayment and opting into credit reporting to allow your business to grow and thrive. City leaders decided the need … When it is time for you to start making payments on your loan, you will be given the opportunity to opt into credit reporting. DeKalb County's Community Development Small Business Loan Program The Small Business Loan Program can be used to make direct loans to small businesses as well as offer financing for working … The U.S Department of the Treasury defines low-income communities as any census tract where the poverty rate for that tract is at least 20%, or the median family income for that tract is less than 80% of the median family income for the metro Atlanta area. Proud to be an ACCE Member - 2014, GIVING YOU ACCESS TO PEOPLE, INFORMATION, AND OPPORTUNITIES. T (404) 378-8000 If your application was denied because the program exhausted the funds available, you will have the opportunity to apply again in at least one more round of funding. Funding has been provided by the Greater Atlanta COVID-19 Recovery and Response Fund, a partnership between the Community Foundation for Greater Atlanta and United Way of Greater Atlanta, and Advance DeKalb. We use cookies to ensure that we give you the best experience on our website. The city had already allocated $1.5 million in small business loans to 57 businesses; those may be converted to grants. Truist Financial contributing $2 million to small businesses through CDFIs LiftFund (for GA small businesses) and the Natural Capital Investment Fund (other states) as part of the Truist Cares Initiative. DeKalb County’s Board of Commissioners approved Tuesday a $15 million loan program for local small businesses hurt by the coronavirus pandemic. The Small Business Development Center provides tools, training, and resources to help small businesses grow and succeed. The DeKalb County Small Business Relief Program is a partnership between Decide DeKalb and LISC Atlanta to assist small businesses in DeKalb County struggling with the effects of … Decatur recently completed its second round of emergency relief grants to small businesses to help them cope with the COVID-19 pandemic. These grants expand the capabilities of … The DeKalb Better Business Loan Program is a partnership with local banks to provide financial relief to small DeKalb County businesses impacted by the COVID-19 pandemic. Grants to Georgia businesses and nonprofit organizations in eligible locations for assistance during the Coronavirus (COVID-19) pandemic. The DeKalb County Small Business Relief Fund is providing funding packages that consist of some grant funds and some loan funds. We have flexibility and never want this loan to become a burden to you. A larger loan amount means larger monthly payments, so consider carefully how much repayment your business may support. Securing a financial grant can boost community initiatives that will launch a new program or build upon an existing one. DECATUR, Ga. – Today, the DeKalb County Board of Commissioners approved the DeKalb Better Business Loan Program, a partnership with local banks to provide financial relief to small DeKalb … Airport; Business … Small Business Innovation Research Program: Good For: Technology Companies. DeKalb Chamber of Commerce; Start a Business in the County; Business License; Film & TV Permit; Food Safety Requirements & Compliance; Purchasing & Contracts; Building Permits & Inspection + Doing Business with DeKalb. August 24, 2020, at 9 am – Required to apply for the loan, Application For The Better Business Loan Program, Required Documents - Better Business Loan Program. Organizations must have local leadership in the form of a board of directors or advisory committee, local financial support, … Starting a business in DeKalb County allows you access to resources and services offered by the DeKalb County entrepreneurial ecosystem. Please read the below requirements and FAQs to ensure you qualify. However, if you do not make timely payments, then we may charge interest at the rate of 5% per year. The DeKalb County Human Services Grant program provides supplemental funding to local non-profits who address community needs throughout DeKalb County. “For almost 100 years, Citizens Trust Bank has built its reputation on being there for our customers and communities, especially in the midst of unparalleled and critical times. 9 Federal Small Business Grants. The Federal government, too, offers grants to support small businesses. It is the policy of the DeKalb County Community Foundation … The loans are for three years. The DeKalb County Small Business Relief Fund is providing funding packages that consist of some grant funds and some loan funds. Small businesses have been hit hard and are critical to DeKalb’s economic growth and prosperity.” –DeKalb County CEO Michael Thurmond. Coronavirus and Travel in the United States, a $6,250 package, which includes a $5,000 loan and a $1,250 grant, a $9,375 package, which includes a $7,500 loan and a $1,875 grant, a $12,500 package, which includes a $10,000 loan and a $2,500 grant. Review a Summary of the Better Business Loan Program, Read the Better Business Loan Program FAQs, Better Business Loan Program Webinar   Applying for a Grant. The Purdue Extension Community Development program assists Indiana communities … Doing Business in DeKalb. Two Decatur Town Center 125 Clairemont Avenue Suite 235 Decatur, GA 30030, © 2019 DeKalb Chamber of Commerce. All Rights Reserved | Disclaimer | Privacy Statement. The Small Business Member Assistance Fund is set up to allow donations to provide assistance to the local small businesses that are against challenges never seen. This time is no different. Doing Business in DeKalb. All Rights Reserved. No. These are the businesses that are there … “We are fighting a pandemic that undermines the health and economic well-being of our county. By subscribing to our mailing list you will always be updated with the latest news and upcoming events from us. We can! The DeKalb County Small Business Relief Program is a partnership between Decide DeKalb and LISC Atlanta to assist small businesses in DeKalb County struggling with the effects of COVID-19. Our actions during this global crisis are essential to saving small businesses and the communities they support for years to come.”--Cynthia N. Day, President & CEO Citizens Trust Bank. Beginning on March 1-14, eligible minority-owned small businesses in Clayton, Cobb, DeKalb, Fulton, and Gwinnett counties can apply for a $10,000 grant. Our current partner, Citizens Trust Bank will be responsible for administering $10 million in loans for the Better Business loan program. Bids; Business Incentives Program; Purchasing; Vendor Registration + Residents. Grants may be made to nonprofit agencies located in or serving DeKalb County. We want to hear from you! Both! The city previously awarded $1.2 million worth of federal funds to its … To determine if your business is located in a distressed census tract, you can go to the address below and enter your business’s address. We are building a relationship with you and your company. Funding is intended to support local small and medium-sized businesses … Through the Community Needs Grants program, the Community Foundation supports the charitable needs and efforts of nonprofit and public sector direct service organizations throughout DeKalb County, IL. The … The tool will locate your address on the map and show a box that indicates your census tract. Full repayment will be reported to the credit reporting agencies, allowing your business to establish better credit, which can provide better access to capital when you need it down the line. Please see below for eligibility requirements and other details about the program. Yes! Grants distributed can address preparedness, response, recovery, and/or rebuilding efforts as the pandemic evolves. Our Local Small Business Enterprise (LSBE) program demonstrates our belief that small business is the … The city will use its own money to launch its own pandemic relief grant program next month that will divvy up $250,000 between dozens of small businesses and nonprofits. If you continue to use this site we will assume that you are happy with it. Financing for the program was approved by the DeKalb County Board of Commissioners from our county allotment of Coronavirus Aid, Relief and Economic Security (CARES) Act funds received from the federal government. DeKalb County Business License; Tax Requirements. On Tuesday, the Dekalb County Board of Commissioners launched the DeKalb Better Business Loan Program in an effort to help small businesses in DeKalb County who have been … To date, over $31 million has been awarded to the community … Better Business Loan Calculation Sheet – Partnerships, Better Business Loan Calculation Sheet - Sole P – LLC, Complete the Better Business Curriculum – REQUIRED FOR LOAN FORGIVENESS, For questions call Decide DeKalb at 404-880-3324, or email us at BBLP@decidedekalb.com, © 2019 DeKalb County. DeKalb County COVID-19 Response Grants provide support the needs of local eligible organizations during the COVID-19 pandemic. Designated as one of Georgia’s top providers of small business … If your application was denied because your business is not eligible, we encourage you to seek out other resources. DeKalb Chamber of Commerce; Start a Business in the County ... is an entitlement program administered by the U.S. Department of Housing and Urban Development that provides annual grants on a formula basis, to entitled cities and counties to develop viable urban communities. For loan questions or assistance please contact atlanta@lisc.org. DeKalb County on Tuesday approved its own $15 million loan program. No, however, the DeKalb County Small Business Relief Program will strongly prefer businesses owned by women and people of color. Email: info@dekalbchamber.org, DeKalb Chamber of Commerce Financing for the program was … All applicants should review the Community Economic Development Grant guidelines prior to applying and contact Community Engagement Director Teri Spartz at 815-748-5383 or t.spartz@dekalbccf.org for assistance.. This is up to you, but keep in mind that more is not always better. If the word “distressed” appears in blue, you are located in a distressed census tract and are eligible for the loan program. We can work with you to modify payment terms if you are having trouble with repayment. The DeKalb Better Business Loan Program is a partnership with local banks to provide financial relief to small DeKalb County businesses impacted by the COVID-19 pandemic. DEKALB COUNTY, Ga. — On Tuesday, the Dekalb County Board of Commissioners launched the DeKalb Better Business Loan Program in an effort to help small businesses in DeKalb … The DeKalb County city awarded $525,000 to 29 businesses, and the average grant size was $18,100, according to a news release.