Business Loans UP to $350,000 Available for All Georgia Businesses
ACE provides 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
- Must be a Georgia-based for-profit enterprise
- Active Secretary of State Filings and Organizational documents in good standing
- Ownership is 100% U.S. citizen(s), U.S. Nationals, Lawful Permanent Residents or entity with such ownership
- 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, Leasehold Improvements, Refinance and Business Acquisition
Amount
Up to $350,000
Term
Up to 10 years for non-real estate; up to 25 years for commercial real estate
Rate
TBD
Fees
Required one-time application fee of $100, Origination fee of 2.00%
Processing fee of $500 and Admin fee of $500, 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 collateral may be required.
Guarantors
Individuals with 20% or more ownership in the business will be required to personally guarantee the loan
Required Documents
- 2023 Business Tax Return, all pages
- 2024 Business Tax Return, all pages
- 2025 Business Tax Return, all pages (if not filed please provide copy of extension and 2024-year-end Balance Sheet and Profit & Loss Statement)
- 2025 YTD Balance Sheet and Profit & Loss Statement
- 2023 Personal Tax Return of Owners/Guarantors, all pages
- 2024 Personal Tax Return of Owners/Guarantors, all pages
- 2025 Personal Tax Return of Owners/Guarantors, all pages (if not filed, please provide copy of extension)
- 2-years Income Statement Projections if start-up, expansion (or otherwise requested)
- Last Two Months Business Bank Statements
- Debt Schedule
- Owner Questionnaire
- 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
Ready to get started?
We’ll start with a few questions to see if you qualify.
Amia Guild, Owner of Takes A Village Transportation, East Point, GA
Ceata Lash, Owner, PuffCuff LLC, Marietta, GA
About ACE
ACE | ACCESS TO CAPITAL FOR ENTREPRENEURS is certified as a Community Development Financial Institution (CDFI). Through capital + coaching + connections, our mission is to help small businesses grow by removing barriers to accessing capital.
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 Tifton, GA, and ACE Women’s Business Center in Norcross, GA.
For questions about ACE, contact:
Phone: 678-335-5600
E-mail: info@aceloans.org