It’s a concept with roots outside the United States but now Macon business owners have new options for borrowing money.
To qualify for the so-called “micro loans” downtown Macon business owners will have to provide a 50-percent match. The interest free loans range between 500 and 1,000 dollars.
The cash can help pay for things like display enhancement, new computers, and new product lines at downtown businesses. Main Street Macon Manager Mechel McKinley says most business owners she works with need just a little help.
“Our business owners, they don’t need 50-thousand dollars or even 25-thousand dollars. They just need a thousand dollars or two thousand dollars to bring in a new line or to upgrade a computer system or something like that,” said McKinley.
Money for the micro loan fund comes from a cash design award given to developers of a social game called Macon Money. Micro-loan programs also exist in North and Southeast Georgia as well as Atlanta.