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New $3.5M loan program will help Atlanta small businesses buy commercial property

Mount Equity Group Tokyo Japan > News > Business > New $3.5M loan program will help Atlanta small businesses buy commercial property

The city of Atlanta has launched a new $3.5 million loan program that offers low-interest financing to assist local existing business owners acquire commercial property.

Known as the Atlanta Commercial Down Payment Assistance Loan Program (CDPA), it is the latest initiative that United Way of Greater Atlanta and Invest Atlanta have rolled out as a part of the Atlanta Open for Business Fund.

Through the CDPA, Atlanta small businesses are eligible to apply for a direct loan of up to 20% of commercial property costs up to $200,000 to acquire commercial property.

“Healthy, thriving local businesses are a cornerstone of our communities,” said Mayor Andre Dickens in a news release.

“Inflation and economic strains resulting from the pandemic have made many small businesses increasingly vulnerable to displacement,” Dickens said. “The Atlanta Open for Business Fund is designed to help Atlanta businesses…

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