Commercial Loans

Business Loans $50,001 to $1,000,000

Providing loans to eligible business owners to meet the demands of their growing business is one of our hallmarks.  We do this by delivering Capital, Coaching, and Connections for underserved borrowers and communities that create and retain jobs in our market area.  See loan details below to begin the process. 

Eligible applicants will be asked to provide the required documentation to ACE once an application is submitted.  A decision will be made as quickly as possible.

Loan Eligibility

  • Businesses 2+ years in operation
  • Must be a Georgia-based for-profit enterprise
  • Active Secretary of State Filings and Organizational documents in good standing
  • If registered in sam.gov, must have acceptable standing (registration is not required)
  • Ineligible businesses include publicly traded companies, multilevel marketing, gambling establishments, pyramid investments, real estate investment firms (REITS), and adult entertainment

Use of Funds

Working Capital, Inventory, Equipment, Vehicles, Real Estate

Amount

Up to $1,000,000 (minimum loan amount $50,001)

Term

Up to 84-months (Monthly P&I)

Rate

12.00% Fixed (rates may vary based off credit qualifications)
(As low as 7.75% for Commercial Real Estate only)

Fees

Required one-time application fee of $50, Origination fee of 2.00%
Processing fee of $300, only for loans that are closed (does not cover any other outside expenses such as attorney fees or appraisals)

Collateral

UCC filing on business assets, equipment/vehicles or real estate
Additional collaterial may be required.

Guarantors

Individuals with 20% or more ownership in the business will be required to personally guarantee the loan

Required Documents

  • 2022 Business Tax Return, all pages
  • 2023 Business Tax Return, all pages (if not filed please provide copy of extension and 2023-year end Balance Sheet and Profit & Loss Statement)
  • 2024 YTD Balance Sheet and Profit & Loss Statement
  • 2022 Personal Tax Return of Owners/Guarantors, all pages
  • 2023 Personal Tax Return of Owners/Guarantors, all pages (if not filed, please provide copy of extension)
  • Personal Financial Statement on each Owner/Guarantor (Template will be provided)
  • Copy of W-2’s
  • Copies of Driver’s Licenses of Owners/Guarantors (front and back)
  • Operating Agreement, By-laws and/or Corporate Resolution, when applicable
  • DD214, required for Veteran Loan Program
ACE Commercial Loan Rate Sheet Apr 2023 12.00Download
Commercial Loan Apr 2023 – Spanish 12.00Download

Ready to get started?

We’ll start with a few questions to see if you qualify.

Start Applying Online
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“If not for ACE, I would very much still be working at an hourly rate and I would not have impacted hundreds of lives in an entire community.”

Deb Rowe, Owner of Shenanigans Restaurant & Irish Pub and Co-owner of Bourbon Street Grille, Dahlonega, GA
“Instead of just lending me the money and that’s it, ACE helped me with advisory services, which is part of their Capital, Coaching and Connections program.”

Tennille Carter-Paul, Founder & CEO of Atlanta Bookkeeping Solutions, Atlanta, GA

About ACE

ACE | ACCESS TO CAPITAL FOR ENTREPRENEURS is certified as a Community
Development Financial Institution (CDFI). Our mission is to offer our borrowers the business development resources to create sustainable businesses.

We create jobs, and we save jobs. ACE, as a nonprofit community lender, specializes in small-business loans coupled with business advisory services. ACE has offices in Westside Atlanta, Cleveland, GA, and ACE Women’s Business Centers in Norcross, GA and Savannah, GA.

For questions about ACE, contact:
Phone: 678-335-5600
E-mail: info@aceloans.org