ACE’s Roots in Georgia
When CEO Grace Fricks started ACE | Access to Capital for Entrepreneurs in 1997, she was a social worker who knew very little about starting a loan business. She simply saw a need in rural North Georgia to provide capital, coaching, and connections to help borrowers create and grow sustainable businesses that generate jobs.
Today, ACE has provided more than $171 million in loans and thousands of hours of business advisory services to support over 2,300 small business owners and helped create or save 18,000+ jobs for Georgians. During the pandemic alone, the organization supported 1,500 businesses, and between now and 2027, ACE aims to do $300 million in lending. ACE envisions a future where gender and racial wealth gaps are diminished, specifically targeting African American and Latine communities. Beyond its humble beginnings, ACE has emerged as a trailblazer, bridging the gap between dreams and reality for countless entrepreneurs by providing vital resources and fostering a supportive ecosystem.
Fueling Economic Growth
In 2022, ACE left an indelible mark on Georgia's entrepreneurial landscape, spearheading transformative initiatives that propelled businesses to new heights. It facilitated the closure of an impressive $36.9 million in loans, which not only sparked the birth of new businesses but also played a crucial role in preserving the livelihoods of 2,096 individuals, stabilizing local economies, and fostering vibrant communities. Furthermore, ACE's dedication to entrepreneurs was evident in the provision of 285 loans, a testament to their firm belief in the immense power of small businesses as drivers of economic growth.
ACE's impact extended far beyond the provision of capital. Recognizing the multifaceted needs of entrepreneurs, ACE offered a comprehensive suite of services, including over 22,000 business consulting hours. Through personalized guidance, mentorship, and expert advice, ACE equipped entrepreneurs with the essential tools to navigate challenges, optimize their operations, and unlock their full potential for success.
A closer look: Supporting veterans in transition
In 2017, military veteran David Wayne Gallemore founded the Veterans Training Empowerment Center (VTEC) with a clear mission in mind. By partnering with industry leaders and customizing a training program, Gallemore sought to provide fellow veterans and their family members with the skills needed for guaranteed jobs, enabling them to support their families and enrich their lives. VTEC's training program, conducted on military bases across the globe, offers a comprehensive curriculum that equips participants to become versatile Home Engineers capable of repairing and maintaining a wide range of household and business equipment.
With ACE's support, Gallemore expanded VTEC and launched Gi-Techs USA, providing repair services for major companies. By providing support and resources to visionary entrepreneurs like Gallemore, ACE helps empower veterans, create jobs, and foster economic growth in communities.
