SSBCI – What it Offers for Georgia Small Businesses

The Small Business Jobs Act of 2010 (the “Act”) became law in the fall of 2010. The Act created the State Small Business Credit Initiative, funded with $1.5 billion to strengthen state lending programs that support small businesses and manufacturers. Of the total amount funded, Georgia was allocated $48,024,748.


The State of Georgia application to the U.S. Treasury was approved and the allocation agreement executed in December 2011. GHFA EDFI/Georgia Department of Community Affairs (DCA) is the administrator of the program. Per the agreement, the oversight with the U.S. Treasury expired on March 31, 2017.


Currently, Georgia’s SSBCI offers two programs.


  1. GA LPP (Georgia Loan Participation Program) is a program where the State purchases a participation of up to 25% of an approved loan, for loans ranging from $100,000 to $5,000,000. (Maximum participation amount depending on program liquidity)
  2. Georgia SBCG (Small Business Credit Guaranty) is a 50% loan guaranty program with a current maximum loan amount of $1,000,000 with a $500,000 guaranty.


Advantages and Opportunities for Georgia Lenders

  • Credit enhancements to strengthen bank loans and reduce risk
  • Delegated lending model where lenders manage underwriting
  • Streamlined procedures and quick response to project loan requests
  • Opportunity for CRA credit


How to Become an Approved Lender

All lenders seeking approval as participating lenders in the SSBCI programs must undergo a vetting process whereby the State will evaluate the lender on management and lending experience as well as financial capacity and ability. The first step to becoming an approved lender is to complete a lender application package and submit it to DCA for review. Please contact Holly Hunt or Timothy Smith at the contact numbers provided below for assistance.

Once the lender has been approved, the lender will execute two (2) originals of the participation agreement applicable to the program(s) of choice and mail to the DCA at the following address:

  • Georgia Department of Community Affairs
  • State Small Business Credit Initiative
  • Community Finance Division
  • 60 Executive Park South, N.E.
  • Atlanta, Georgia 30329-2231

A copy of the participation agreements for each program may be found as download documents at the bottom of each program page for reference.

Contact Information:

Holly Hunt at 404-679-3144
Timothy Smith at 404-679-0568
Joanie Perry at 404-679-3173
Rusty Haygood at 404-679-3152