
ACE Proudly Celebrates Dual Milestone ~ 25 Years of Growing Georgia Businesses and Deploying $250 Million in Loans
In celebration, ACE's 25 for 25 Anniversary Campaign invites investment in the next generation of entrepreneurs who are shaping Georgia’s economic future.
Founded by Grace C. Fricks with an initial grant of $50,000, ACE began as a modest loan fund in four North Georgia counties, operating from space in her laundry room. Under Fricks’ visionary leadership, the organization has expanded its reach to both urban and rural entrepreneurs and has become Georgia’s largest small business focused Community Development Financial Institution (CDFI). ACE has stood the test of time, standing in the gaps for businesses in need during multiple economic downturns. In 2023, ACE proudly opened an office in Tifton and now serves business owners in all 159 Georgia counties. With a strong commitment to serving underfunded businesses and communities, ACE meets the needs of under resourced entrepreneurs.
Through the years, ACE has not only provided capital but has also fostered lasting relationships with business owners, equipping them with the tools and guidance needed for long-term success. Tennille Carter turned to ACE for working capital to scale her company Atlanta Business Services (ABS), formerly Atlanta Bookkeeping Solutions, in 2010. She expanded her business with a working capital loan which enabled her to purchase equipment and hire a team to support her company’s growth. Fifteen years later, ABS is still operating and going strong.
“Instead of just lending me the money, ACE helped me with advisory services,” Carter said. “I learned so much from ACE. And those additional services really help businesses grow instead of just getting by.”
Entering its 25th year, ACE has transitioned leadership to Martina Edwards, who now enthusiastically serves at the helm as President and CEO, after serving as Chief of Strategic Partnerships for six years.
“Celebrating 25 years is not just about reflecting on our past achievements but also about envisioning the future,” said Edwards. “We remain steadfast in our mission to provide access to capital, coaching, and connections, and ensuring that every entrepreneur has the opportunity and support to succeed. With the support of valuable business and community partners, ACE is forging a path to support 1,500 businesses and create 10,000 jobs in Georgia by providing an additional $250 million in loans through our 5-year strategic growth plan. ACE’s commitment to excellence, combined with continued partnership and investment, will allow this important work and its ripple effect to last for decades to come.”
To learn how you can invest in our impact on Georgia’s small businesses through our “25 for 25 Anniversary Campaign”, contact Tonya Rapley at 678-335-5600 or visit aceloans.org.
Nancy Howard
ACE | Access to Capital for Entrepreneurs Inc.
+1 470-615-1288
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