Commercial Loans

Business Loans $50,001 to $250,000

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

Ready to get started?

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

Use of Funds

Working Capital, Inventory, Equipment, Vehicles, Real Estate

Amount

Up to $250,000 (minimum loan amount $50,001)

Term

Up to 72-months (Monthly P&I)

Rate

10.00% 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

  • 2020 Business Tax Return, all pages
  • 2021 Business Tax Return, all pages (if tax return not filed, 2021 Balance Sheet and P&L required)
  • Current year, most recent YTD Balance Sheet & Financial Statement
  • 2020 Personal Tax Return of Owners/Guarantors, all pages
  • 2021 Personal Tax Return of Owners/Guarantors, all pages (if tax return not filed, documentation of 2021 income required)
  • Personal Financial Statement on each Owner/Guarantor (Template Attached)
  • Copies of Driver’s Licenses of Owners/Guarantors (front and back)
  • Copy of Permanent Resident Alien Card, if applicable
  • Operating Agreement, By-laws and/or Corporate Resolution, when applicable
  • DD214, required for Veteran Loan Program
“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

ACCESS TO CAPITAL FOR ENTREPRENEURS (ACE) 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, Dalton, Rome, and Cleveland, GA, and an ACE Women’s Business Center in Norcross, GA.

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