Access to Capital for Entrepreneurs, Inc.

3173 Highway 129 North Cleveland GA 30528

Program Began: 2000

Mission Statement

The mission of Access to Capital for Entrepreneurs, Inc. (ACE) is to provide community economic development to underserved people and communities. ACE is a non-profit organization that provides loans and business development resources to help its borrowers create and grow sustainable businesses which generate jobs.

Currently Viewing: 2017 Reporting Data

Summary

Provides Microenterprise Loans Yes
Lending Types
- Individual Lending
Tracks Credit Scores Yes
Reports Borrower Credit Performance Yes

Microfinancing Volume

Number of Microloans Disbursed 47
Value of Microloans Disbursed $1,327,832
Value of Microloans Outstanding $3,181,395

Portfolio Quality

Mean Interest Rate 8.38%
Total Portfolio at Risk 4.38%
Loan Loss Rate 5.44%

Loans Past Due
- 30 to 60 $47,571
- 61 to 90 $42,833
- 91 to 120 $48,812
- More than 120 $0

Other Financing Products

Small Business Loans Yes
Max Business Loan Amount $1,000,000
Leverage Package or Guarantee Loans? No

Services Provided

Training and Technical Assistance (TA) Services
- Business Training (group based instruction)
- Business Technical Assistance (one-on-one assistance)
Business Development Services
- Coaching/Mentoring
- Financial Literacy

Individuals Served 86
Clients Served 86
Businesses Served 47

Demographics

Gender
- Women - 50%
- Men - 50%
- Other - 0%
- Unknown - 0%
Ethnicity
- Mixed-race - 0%
- African American/African-born - 43.02%
- Latino - 4.65%
- White/Caucasian - 41.86%
- Asian/Pacific Islander - 10.47%
- South Asian - 0%
- Native American/Alaska Native - 0%
- Other - 0%
- Unknown - 0%
HUD Low Income Standard
- Below - 43.02%
- Above - 56.98%
- Unknown - 0%

Business Status

Business Status
- Operating - 100%
- Not Operating - 0%
- Unknown - 0%

General Program Info

Area Types Served
- Rural
- Urban
Organization Description
- Lending Organization
Geographic Area Served
- Georgia
Geographic Area Served Description We serve 68 counties in North Georgia including metropolitan Atlanta. These counties include:Baldwin, Banks, Barrow, Bartow, Butts, Carroll, Catoosa, Chattooga, Cherokee, Clarke, Clayton, Cobb, Columbia, Coweta, Dade, Dawson, DeKalb, Douglas, Elbert, Fannin, Fayette, Floyd, Forsyth, Franklin, Fulton, Gilmer, Greene, Gordon, Gwinnett, Habersham, Hall, Hancock, Haralson, Hart, Heard, Henry, Jackson, Jasper, Jones, Lamar, Lumpkin, Lincoln, Madison, McDuffie, Monroe, Morgan, Murray, Newton, Oconee, Oglethorpe, Paulding, Pickens, Polk, Putnam, Rabun, Richmond, Rockdale, Spalding, Stephens, Taliaferro, Towns, Union, Walker, Walton, Warren, White, Whitfield, Wilkes
Other Locations
- 3873 10 College Street NW Norcross GA 30071

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