Select Fulton is supporting the Fulton County business community in the midst of the COVID-19 response.
Following the Fulton County Board of Commissioners’ April 1, 2020 approval of $10 million in funding for COVID-19, Access to Capital for Entrepreneurs (ACE), a nonprofit agency, will administer a $1.5 million small business loan program that will benefit small businesses in Fulton County outside the City of Atlanta.
Small businesses across Fulton County are hurting,” said Vice Chairman Marvin S. Arrington, Jr. “From service providers, artists, to non-virtual entities, we recognize that small loans can make a big difference, and we look forward to the success stories resulting from this program.”
Commissioner Liz Hausmann, District 1, said “This program will help our small businesses in Fulton County weather the storm, so when this crisis has passed they will be there to serve us as they always have.”
Applicants can receive up to $50,000 in emergency working capital for qualifying Fulton County small businesses located outside the City of Atlanta who have experienced loss of revenue or service disruption due to COVID-19 pandemic.
“We understand small business and its importance to our communities, family well-being and our economy,” says Grace Fricks, President and CEO of Access to Capital for Entrepreneurs (ACE). “Through ACE the Fulton County Commission is stepping in rapidly to save small business.”
“The quick action by the Fulton County Board of Commissioners to designate funding, along with our partnership with ACE, will help us quickly get funds into the hands of Fulton County Small Businesses,” said Alvin “AL” P. Nash, Executive Director of Select Fulton.
To qualify, organizations must be in business at least 2 years. All applications are now being accepted online. Businesses must be asked to provide required documentation to ACE by fax, mail, or email. A final decision will be made as quickly as possible. For more information, log on to https://aceloans.org/