Savannah, GA (2018)

Access to Capital for Entrepreneurs Loan Fund

Access to Capital for Entrepreneurs and Carver State Bank have formed a partnership that may eventually serve as an example to other CDFIs that seek to broaden their geographic footprint.

Investment

  • NMTC Amount: $30,000,000
  • Total Project Cost: $30,000,000

IMPACT

  • 31 FTE jobs

Investor

Project Description

Access to Capital for Entrepreneurs (ACE) and Carver State Bank (Carver State) have formed a partnership that may eventually serve as an example to other CDFIs that seek to broaden their geographic footprint. Both partners brought unique advantages to the table and found compelling synergies through their relationship, culminating in a shared NMTC allocation that allows ACE and Carver State to better pursue their missions of community investment and development.

MAP

Address: 305 Fahm Street, Savannah, GA 31401

Census Tract:

Other Georgia Projects

Fort Valley, (2017)