Money For Your Biz

You have options; especially in Fulton County.

FEDCO’s Loan Program

Thanks to funding from the USDA, FEDCO has a low interest revolving loan pool for businesses with less that 50 employees and less than $1 million in gross annual sales located in Fulton County.  Funds can be used for a variety of business-related expenses.

Start up businesses (less than 2 years old) are strongly encouraged to complete FEDCO’s NxLevel Business Planning and Management course and complete a business plan from the course or you may submit an approved business plan to apply.

Existing business (2 years or older) may apply directly.

Local Lenders

There are several local lenders that work with commercial (business) loans.  The lenders that work with FEDCO business clients most often are:  1st Source Bank and Lake City Bank (Akron).

SBA loans

Small Business Administration supported loans.  SBA does not actually make direct loans; instead, it provides loan guarantees to entrepreneurs, promising the bank/lender to pay back a certain percentage of your loan if you are unable to. Banks participate in the SBA program as regular, certified or preferred lenders. Click here to find the best lender for your needs.   

Training Funds

Listen up!  This is unique money available to business owners in Fulton County.

Through a grant from the USDA, FEDCO can pay for training needs of our small businesses with less than 50 employees and less than $1 million in gross annual sales.  This money does not have to be repaid.

Eligible Activities for training funds: Market research, consulting services, service training, education, related trade show associations, conferences.  Clients have used these funds for various training, including QuickBooks, industry certifications, and learning more about using social media.