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Through a collaboration between the Georgia Department of Community Affairs and the Georgia Department of Economic Development, the Rural Zone initiative provides Georgia state tax credits to individuals creating jobs and making qualifying investments within historic Wrightsville.
The Rural Zone Small Business Loan Fund was created to encourage the continued revitalization of downtown Wrightsville by providing low-interest funds to small businesses locating or expanding in the designated Rural Zone. The Loan Fund is a collaboration of Main Street Wrightsville, the Development Authority of Johnson County, the Bank of Wrightsville, and Morris Bank.
Terms
Loan funding from $5,000 - $35,000
Interest rates at Prime + 0.5%
Loacted within designated Rural Zone
Each loan application will be reviewed individually for collateral, risk, and terms. The participating banks have agreed to these advertised terms for qualifying loans.
Eligible Uses
Acquisition of land or building
Building construction, renovation, or improvement
Equipment and fixture purchases
Environmental and safety code compliance
Not eligible for inventory, payroll, rent, or operating costs
Georgia Department of Community Affairs' Redevelopment Fund finances locally initiated public/private partnerships to leverage investments in commercial, downtown, and revitalization projects that may not proceed otherwise. Contact Develop JoCo for more information or to schedule an Initial Project Assessment.
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