EMORY IMPACT INVESTING GROUP
Application Update: Apply to our Application HERE
EIIG loan application opens June 19th and closes August 19th 2020.
EIIG typically partners with businesses: that are below 250k in revenue, socially impactful (this could either be through stimulating the local economy and providing employment opportunities or through the work you do), based in Atlanta, and currently producing revenue (still fill out this application if you believe that you have an alternative form of income that will allow you to repay a loan).
The EIIG loan fund provides: micro-loans between $5,000 and $10,000 at an interest rate, equal to (the prime rate +1) which currently is between 3-5% for the ~3 year repayment term during which our team provides consulting services. These consulting services consist of regular bi-weekly calls over the loan repayment. Before you can receive a loan, a due diligence team examines your business during a 3-6 month process. This means the funds would be disbursed anywhere from 4-7 months from the day the application closes, assuming completion of the due diligence process.
We serve local, early-stage entrepreneurs who lack access to traditional sources of capital and have a concrete business plan to create tangible impact within their community.