Financing

Industrial Revenue Bonds (IRBs)

The issuing of Industrial Revenue Bonds to finance construction of manufacturing facilities can be done through either the Hawkinsville Development Authority or the Hawkinsville/Pulaski Joint Development Authority.

Financially qualified borrowers may obtain 100% funding (land, building, equipment) for a project's cost, generally at interest rates more favorable than conventional financing.

A $10 million limit exists for any one project within the same political jurisdiction.

Domestic Banks

Pulaski County, with over $122 million in assets, is home to the following institutions:

PlantersFIRST: 478-783-4017

SunMark Community Bank: 478-783-4036

Farmers Home Administration (FmHA)

FmHA's Business and Industry Loan Program offers up to 90% loan guarantees to businesses in areas of less than 50,000 population.

Eligible activities include purchase and development of land, buildings, and equipment; provision of working capital; and certain refinancing of existing debt.

Interest rates are negotiable.

Business Development Corporation of Georgia (BDC)

BDC is privately owned and managed financial institution whose membership includes banks, savings and loan associations, and utilities.

BDC makes loans that involve greater risks than those available from conventional sources. These loans must be secured.

BDC focuses on firms that are expanding production on sound new ventures (preferable in manufacturing or processing).

Georgia Department of Community Affairs (DCA)

DCA administers a Small Business Revitalization Program to help businesses with under 500 employees secure long-term financing for expansions.

The program uses federal loan programs (SBA, CDBG) for second mortgages to provide long-term loans at below market rates.

DCA also administers that state's allocation system for industrial revenue bond financing.

Regional Development Centers (RDCs)

Pulaski County is served by The Middle Georgia Regional Development Center, Macon, 478-751-6160. RDCs assist communities and businesses with a variety of financial programs.

Financing programs include Community Development Block Grants, Community Development Corporations (CDCs), Local Revolving Loan Fund (RLF) Programs, and Small Business Administration Programs.