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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

Other Georgia Projects

Expansion of a shelter, which will include 230 emergency shelter beds, an education and workforce development center, medical exam rooms, laundry rooms, and common areas.
Construction of an approximately 25 acre greenhouse development to help keep up with demand for hothouse vegetables.
Investment in a carbon-negative, USDA-inspected meat processor
Prince Avenue Market is the new construction of a four-story, mixed-use building with 20,500 sq. ft. of retail and commercial space and 34 homes in Athens, Georgia.