NewTown Macon, Inc. operates subsidiary limited liability corporations that offer financing, equity investments and joint ventures to businesses to revitalize downtown Macon. Urban Development Concepts, LLC offers financing for real estate through a public/private partnership backed by a bond issue. NewTown Loans, LLC offers financing for projects that do not fit the restrictions required by the bond issue.
The purpose of NewTown’s loans is to directly fulfill its mission “to attract, leverage and invest in self-sustaining transformation” in downtown Macon. NewTown prioritizes investments that can produce investment returns for NewTown and grow jobs, increase residents and/or create a sense of place in downtown Macon.
NewTown Loans provides investments to businesses located in or around Macon’s urban core. Please refer to the map below to see if your project is located in eligible lending area.
East Macon, Fort Hill, Pleasant Hill, and Tindall Heights are eligible neighborhoods for residential projects.
Please submit an intake form and NewTown’s Director of Business and Real Estate Development will contact you to schedule an initial meeting to discuss your project. The intake form is available either online or in print. If you use the print option, please complete the form and drop it off or mail it to the NewTown Office: NewTown Macon ATTN: Director of Business & Real Estate Development 555 Poplar Street Macon, GA 31201.
Small business loans are available for a MAXIMUM of $100,000.
DEADLINE: Loan applications for $50,000 or more must be submitted by the third Monday of the month by 9am to be reviewed the following month by the loan committee and NewTown Loans’ Board of Directors. For example, if you would like your loan application to be reviewed during the Board of Director’s October meeting, it must be submitted by the third Friday in September.
Please contact us with any questions or concerns at 478-722-9909.