Fulton County Recovery Loan Program

Overview

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.

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.

For more information contact:

Access to Capital for Entrepreneurs, at info@aceloans.org; Call 678-335-5600;

Loan Details

Business Need:

COVID-19 related revenue loss

Eligible Uses:

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

Amount:

Up to $100,000

Term:

Up to 60 months of principal & interest payments

Rate:

Fees:

1.25%

Collateral:

Blanket Lien on All Business Assets; Personal Guaranty

Other:

Requires 2+ years in business. Must be located in Fulton County (excluding City of Atlanta). Please apply online. You’ll be asked to provide required documentation to ACE by fax, mail, or email. A final decision will be made as quickly as possible.