Loans available for Northwest Georgia businesses recovering post-pandemic

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Loans of up to $50,000 are available for businesses and individuals in Northwest Georgia hurt by the pandemic.

The loans are for businesses and individuals who lost their job due to the coronavirus who want to start a new business, said Jennifer Whorton, a loan officer with the Northwest Georgia Regional Commission, an organization that offers technical assistance to local governments, regional planning and economic assistance.

The funds are offered using $500,000 from the Micro-Loan Fund of the Economic Development Administration under the 2020 COVID-19 stimulus package. The loan program doesn't have an end date at this point, Whorton said. Nine loans have been awarded so far, and Jackson said there hasn't been a trend in the kind of businesses being funded.

"The businesses have been from some small vineyards in Ellijay and Blue Ridge to consulting companies, [certified public accountants], bakeries, just all kinds of different small businesses," she said in a phone interview.