Get help after a disaster strikes.

Paycheck Protection Program (PPP) CARES Act

The President signed the CARES Act into law, which includes $300B+ in relief for small businesses. We plan on participating in this program which will allow us to provide your business a loan to cover certain expenses, including payroll, rent, and debt payments. This program also provides your business with the possibility of partial loan forgiveness. Loan amounts will be up to $10 million. Click below to view more information and to get on the list to receive an application when it’s available:


SBA Economic Injury Disaster Loan (EIDL) Relief

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.

  • SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

Areas eligible for SBA disaster loans

Apply for a loan with SBA


Small Business Specialty Lending

Colony Bank’s Small Business Specialty Lending Group (SBSL) focuses on Small Business Administration (SBA) lending and customized financial solutions to small businesses across the country. With over 125 years of combined experience, the SBSL team understands the needs of small businesses and is dedicated to seeing small businesses succeed one at a time.

Loan Solutions

The SBSL group utilizes several government-guaranteed loan programs which all provide high loan to values, low down payments, long terms, and competitive interest rates.

Loan Size - $500,000 to $5,000,000
Use of Proceeds:
• Owner Occupied Commercial Real Estate – Purchase, construction and refinance
• Machinery & Equipment – Purchase and refinance
• Business Acquisitions
• Partner Buyouts
• Working Capital
• Business Debt Refinancing/Consolidation
• Business Expansion
• Franchise Lending
Terms- 10 to 25 years
Project Size - $1,000,000 to $10,000,000
Use of Proceeds:
• Owner Occupied Commercial Real Estate – Purchase, construction and refinance
• Machinery & Equipment – Purchase and refinance
Terms – 10 to 25 years
Loan Size - $1,000,000 to $10,000,000
Use of Proceeds:
• Owner Occupied & Investment Commercial Real Estate- Purchase, construction and refinance
• Machinery & Equipment – Purchase and refinance
• Working Capital
Terms – 7 to 30 years
For non-profits, public bodies and federally recognized tribes that provide an essential community facility in a town or city with a population of 20,000 people or less. An essential community facility is a facility that provides an essential service to the local community for the orderly development of the community. Example include:
• Health care facilities
• Public facilities (town halls, courthouses, airport hangers)
• Community support services (childcare centers, community centers, fairgrounds, transitional housing)
• Public safety services (fire departments, police stations, prisons)
• Educational services (museums, libraries, private schools)
• Utility Services (telemedicine, distance learning equipment)
• Local Food Systems community gardens, food pantries, community kitchens, food banks)

Loan Sizes - $1,000,000 - $15,000,000
Use of Proceeds:
• Purchase, construct and/or improve essential community facility
• Purchase Equipment
• Related Project Expenses
Terms – Up to 40 years

Meet our Team

Dana Campbell, VP Business Development Officer

Dana’s Small Business Administration (SBA) and United States Department of Agriculture (USDA) lending experience spans 30 years. Her vast experience crosses all industries and aspects of financing from purchase, debt refinancing, business acquisition, expansion, construction to franchise lending, which makes her the ideal partner to lead and guide you through the loan process. Dana holds a Bachelor of Science in Business Administration. She attended Georgia Southern University and the University of Phoenix. Dana is located in Southeast Georgia and serves clients nationwide.

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Craig Cole, VP Business Development Officer

Craig has over 20 years of consistently providing debt and equity capital to small and mid-sized businesses for their restructure, acquisition or expansion needs. He has experience within a broad range of industries and throughout the full life cycle of a company from start-up to exit. He has extensive experience in government guaranteed lending programs, public/private partnerships, equity investing and specialized lending.

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Charles Gillis, VP Business Development Officer

Charles has been in banking since 1994, he has focused his career on small business lending and developing long term relationships with his customers that continue to this day. He lives in and is from a rural community but is totally comfortable doing business in a sophisticated business environment. A self-proclaimed “deal junkie” Charles loves the challenge of helping people and their businesses succeed and be as profitable as possible.

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Robert Ruiz, VP Business Development Officer

Mr. Ruiz joined Colony Bank with over 22 years of banking experience; all those years were specializing in U.S. Small Business Loans. Ruiz is well versed in the SBA industry and has worked with both bank and non-bank lenders on a national and regional level.

Ruiz is an active Member of CTAGGL (Central Texas Association of Government Guaranteed Lenders). He is dedicated to providing outstanding customer service and is passionate about small business finance.

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