Rule 413-6-1-.05. Availability of Loan Guarantees

1. (1) Funds made available to the OneGeorgia Authority and authorized by the OneGeorgia Authority Board to back loan guarantees will be made available to lenders through the selection process outlined in this regulation. In addition, marketing material, regulations and application materials and formats will be made available through the Authority and/or Agent's web site(s). Materials will be published on the Authority's site at www.OneGeorgia.org and/or Agent's site at www.dca.state.ga.us at the discretion of the Authority and/or Agent. Materials may also be mailed to eligible lenders, lender associations and/or placed in advertisements in certain local or state publications.
2. (2) The OneGeorgia Authority's website will contain submission guidelines. Applications will be accepted at any time an eligible lender has an eligible project and will be reviewed based upon the criteria provided in Section 413-6-1-.09 of these Rules.

3. (3) Lenders must apply for assistance under this program in a format and manner prescribed by the Authority. For Lenders who do not wish to download application manuals and guidelines from the web site(s), materials may be obtained from the Authority or Agent by sending a written request to:

   The OneGeorgia Authority

   OneGeorgia ESBD Loan Guarantee Program

   1202-B Hillcrest Parkway

   Dublin, Georgia 31021

   or

   The Georgia Department of Community Affairs

   ESBD Loan Guarantee Program

   c/o Office of Economic Development

   60 Executive Park South, N.E.

   Atlanta, Georgia 30329-2231

   The application manual provided will include information outlining program requirements, forms, mailing addresses, telephone numbers of contact persons and other necessary and pertinent information.

Authority: O.C.G.A. Sec. 50-34-1et seq.

History. Original grant description entitled "Availability of Loan Guarantees" submitted June 27, 2005.