Small Business Assistance Corporation has federal funds available to assist small businesses in Coastal Georgia, including Liberty and Long counties.
"Many businesses in Coastal Georgia and South Carolina have been impacted by the devastation of Hurricane Matthew — property and equipment damage, loss of inventory, interruption of normal business activity caused by power outages, evacuations, and cessation of tourism. SBAC is here to help by providing immediate financial assistance," a news release from the organization said.
SBAC is providing funding up to $30,000 for qualified borrowers, to repair damage to equipment and buildings, replace lost inventory while awaiting payment from insurance claims, provide cash for payroll, or to resume normal commercial operations disrupted by closing. Financing will have a maximum term of 35 months with rates as low as 4.5 percent, based on credit score.
Borrowers must be an existing business, provide their 2015 business tax return, and a current business license. All loans subject to funds availability and prudent business lending practices.
SBAC closest office is at 111 E. Liberty, Suite 100 in Savannah. It is a nonprofit Community Development Financial Institution licensed by the U. S. Small Business Administration.
For more information, call 912-232-4700 or go to www.sbacsav.com.