Small Business Loans

Microloans $15,000 to $50,000

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

Amount

Up to $50,000 (minimum loan amount $15,000)

Term

Up to 60-months (Monthly P&I)

Rate

As low as 12.00% Fixed

Fees

Required one-time application fee of $50, Origination fee of 3%

Collateral

UCC filing on business assets or equipment/vehicles

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 (if not filed please provide copy of extension and 2022-year end Balance Sheet and Profit & Loss Statement)
  • 2023 YTD Balance Sheet and Profit & Loss Statement
  • 2022 Personal Tax Return of Owners/Guarantors, all pages (if not filed, please provide copy of extension)
  • Copy of W-2’s
  • Copies of Driver’s Licenses of Owners/Guarantors
  • Operating Agreement, By-laws and/or Corporate Resolution, when applicable
  • DD214, required for Veteran Loan Program

“The bank wouldn’t help me with capital, but ACE would. It was so much more than capital, though. My business quickly went from yellow to green.”

Amia Guild, Owner of Takes A Village Transportation, East Point, GA
“ACE is the only entity I know of that really reaches out to women, minorities, and other underserved entrepreneurs who have a dream and just need a little help achieving it.”

Ceata Lash, Owner, PuffCuff LLC, Marietta, 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 and 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