Atlanta, Georgia, is the most populous city in the state of Georgia, with an estimated population of 498,000. It is home to 5.9 million people, making it the 9th largest metro area in the nation. Atlanta ranks in the top 20 cities in the world and 10th in the country with a gross domestic product of $385 billion. Atlanta is at the center of the economic development engine in Georgia.
Atlanta, GA, has a diverse economy with industries like professional services, media operations, medical services, information technology, logistics, and transportation.
Small businesses in Atlanta, GA, are no exception to the difficulty of acquiring funding from traditional banks. These banks, mandated to safeguard customer deposits and adhere to Federal Reserve regulations and directives, often maintain high credit standards, rigorous financial statement prerequisites, and a plethora of paperwork. As a result, numerous small businesses are unable to secure capital and other necessary funding resources.
As a leading provider of Atlanta small business loans, Advancepoint Capital offers various financing options. Our extensive network of lenders enables us to secure the best possible interest rates for you. We provide a hassle-free application process and can get you the capital you need in as little as 24 hours. Let Advancepoint Capital be your go-to resource for small business loans in Atlanta.
How To Get Small Business Loans in Atlanta?
If you're seeking business loans in Atlanta, there are certain requirements you'll need to meet. To begin with, you'll need a well-crafted business plan that outlines your objectives and how you plan to achieve them. The business plan should be detailed enough to demonstrate your understanding of your business's potential.
Additionally, you'll need your company's financial statements and personal accounts to acquire loans in Atlanta, GA. Lastly, having a favorable credit score is essential. Lenders will evaluate your creditworthiness before approving your application for business loans in Atlanta.
If you're thinking of starting a small business in Atlanta, or if you need funding to grow your existing business, Advancepoint Capital can help. Contact us today to learn more about our business loans and how we can help you get the funding you need.
8 Best Small Business Loans in Atlanta (May 2023)
Small Business Loans
Small business loans are the first product small businesses in Atlanta think of. This is a popular product because of fixed rates, terms and payments.
SBA Loans in Atlanta, Georgia
SBA loans are government back loans that offer attractive rates and terms. Approval process requires good credit, significant documentation and strict qualifications, but is very popular and worth the effort.
Merchant Cash Advance
An MCA is a great alternative when Atlanta banks say no to traditional business loans or lines of credit. MCA’s are considered from excellent to poor credit and require less documentation. Approvals offered the same day.
Business Cash Advance
Business cash advance,similar to cash advance, is commonly used when traditional financing is not an option. Like MCA’s. The approval process is easier due to lower credit standards.A fast application process with same day approvals.
Business Line of Credit
Atlanta business owners love business lines of credit because it is a revolving line that allows business owners to draw funds on demand, This product offers flexibility because you only have to pay interest on the outstanding balance.
Equipment Financing in
Excellent choice for Atlanta businesses that rely on equipment for operations.When purchasing equipment, the financing uses the equipment as collateral which in turn allows them to offer attractive monthly payments and terms from 2 to 7 years to repay.
Invoice Financing in
For Atlanta Businesses that regularly invoice their clients month over month, invoice financing is a great alternative for financing. Invoice financing is an advance off of outstanding invoices that have been issued. Accounts receivable is accelerated to the point of invoice issuance instead of waiting for net terms.
Short Term Small Business Loans
Short term loans are a fast funding option for Atlanta businesses who cannot get traditional financing and need working capital. Typical duration to repay for a short term loan ranges from 6 to 24 months.
Long Term Business Loans
For those Atlanta businesses planning a large costly project or business expansion of your business, long term business loans are the solution.Terms out to 10 years with affordable payments.
U.S. Small Business Administration
How to Grow Your Business in Georgia
View the Georgia Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.
U.S. (SBA) U.S. Small Business Administration
Georgia District Office
Find local assistance
Common Uses of Business Loans in Atlanta
Additional Resources, Grants & Financing Programs in Atlanta
City of Atlanta Loan Programs – InvestaAtlanta – Small business loans for gap financing that Invest Atlanta administers to encourage business development in the City of Atlanta.
- Atlanta Cares Revolving Loan Fund (ACRLF)
- Phoenix Fund
- Atlanta Catalyst Fund
- Business Improvement Loan Fund
- Atlanta Forward Loan Fund
- Community Loan Fund
Georgia Small Business Finance
Georgia State Small Business Credit Initiative (SSBCI) – Learn more about this federal program administered by the Department of the Treasury to support private financing to small businesses and small manufacturers.
Micro Loans/CDFI – These lenders, or Community Development Financial Institutions (CDFI), have lending portfolios that offer many different small business loans.
City of Atlanta Grants, Loans, and incentives – The City of Atlanta has a number of funding opportunities available to business owners, both prospective and current. Many of these opportunities are provided through Invest Atlanta, one of the City’s business development agencies.
Why AdvancePoint Capital?
- Experience with Businesses in Atlanta – We have been providing financing in Atlanta for years.
- Trust – Excellent reviews and feedback from small businesses in Atlanta.
- Loan Specialists – Experienced business funding specialists in Atlanta.
- No Obligation – No cost, no commitment quotes.
- Products – A variety of business loan products for businesses in Atlanta.
Apply for Atlanta Business Loan Today!
Getting a financing solution or financial advice in Atlanta, GA can be troublesome. At AdvancePoint Capital, applying for a business loan is fast and easy with our simple application process. All you need to do is fill out our online form, and application page, and in just a few hours — you’re well on your way to getting yourself a business loan in Atlanta, GA.
Get Started Today
AdvancePoint Capital makes the loan application process a simple, straightforward experience.