Fulton County Recovery Loan Program

Small Business Recovery Loans Up 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 borrowers and communities who have been unable to secure capital from traditional sources, allowing them to create and retain jobs in our market area.  Stabilizing business operations in times of crisis is another ACE trademark. This loan fund was established to assist small businesses who are suffering from interruption of normal business activity due to the impact of COVID-19. See loan details below to begin the application process. 

To serve the hardest hit small businesses, minority and women-owned businesses will be prioritized. In addition, high COVID-impacted industries such as performing arts, food service, music/film, education & accommodations will be prioritized for loans. Applications will be accepted until funds are depleted.

View Select Fulton Program Update (Mar 2023) HERE

View Select Fulton Program Press Release (Aug 2022) HERE

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
  • Preference will be given to loan applicants who meet lending criteria AND who commit to receive business advisory services to assist with growing and/or sustaining their businesses.

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.

Use of Funds

Support payroll and benefits costs, costs to retain employees, mortgage, rent and/or utilities, working capital, COVID recovery capital investments, such as rehabilitation of commercial properties and business improvements


Up to $250,000


Up to 60 months of principal & interest payments


As low as 4%




Blanket lien on all business assets; Personal Guaranty


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

Required Documents

  • 2021 Business Tax Return, all pages
  • 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
  • 2021 Personal Tax Return of Owners/Guarantors, all pages
  • 2022 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

Ready to get started?

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

“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

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