Access to Capital for Entrepreneurs Loan Fund

New Markets Tax Credit Coalition

Savannah,
GA
(2018)

Access to Capital for Entrepreneurs Loan Fund

Grocery and Fresh Food, Loan Fund, Retail, Retail and Commercial

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

CDEs

Carver State Bank

Investor

Unknown

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

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