Pictured L-R: Pamela Cross, Martina Edwards, and Nancy Merolla

ACE | Access to Capital for Entrepreneurs has received a $500,000 investment from Synovus for its Recovery and Resilience Program. The program supports ACE’s continued efforts to provide diverse and flexible capital solutions and educational resources to Black, Indigenous, and people of color (BIPOC) women and low-income-owned businesses in Georgia.

“Affordable capital fuels successful business growth,” said Martina Edwards, chief of strategic partnerships at ACE. “This support from Synovus allows ACE to continue deepening our work to break down systemic barriers to capital and credit access for Georgia business owners of color to expand their businesses, build assets and create jobs that support communities and families.”

The $500,000 Equity Equivalent (EQ2) investment from Synovus allows nonprofit community development financial institutions like ACE to raise capital with features that behave like an equity investment, improving the organization’s economic strength.

“Synovus is committed to strengthening the communities where we operate and our team members live” said Allen Barker, North Georgia division CEO of Synovus. “Our partnership with ACE ensures diverse, small business owners in Georgia have access to affordable capital to grow their businesses.”

Read full media release here.

Back to ACE News