In partnership with Advantage Capital Partners and SunTrust Bank, Atlanta Emerging Markets Inc. established the $8,000,000 Atlanta Advantage Loan Fund, a revolving loan fund for businesses located in Atlanta’s distressed neighborhoods. The program enables businesses to receive loans from $1,000,000-$3,000,000 for the purchase of equipment or machinery, working capital, training and recruitment, acquisition and/or renovation of property, and leasehold improvements. Businesses must be located in low-income census tracts to be eligible for the program and preferred borrowers include manufactures, distributors, and service providers that will create jobs and spur catalytic investment in Atlanta’s underserved neighborhoods.
Investor: SunTrust
program: New Markets Tax Credits