About ACE
ACE is a Financial Services company based in Atlanta (United States) founded in 1999 by Grace Covington Fricks. Small business loans and coaching are provided in Georgia. It operates on a Commission-Based and Professional Services model. ACE has raised $3 million across 9 funding rounds from investors including Truist, United States Department of Agriculture and Northern Trust. Its chief executive, as recorded, is Grace Covington Fricks. ACE offers products and services including Small Business Loans, Commercial Loans, and Business Coaching. Its focus areas include Lending and Small Business Lending. Its legal entity is Access to Capital for Entrepreneurs.
Company details
Access to Capital for Entrepreneurs (ACE) is focused on providing small business loans ranging from 15,000 to 1 million to businesses in Georgia. Supportive coaching and valuable connections are also offered throughout the loan lifetime to ensure business success. The organization operates as a Community Development Financial Institution (CDFI), certified by the U.S. Department of Treasury, targeting economic opportunity in vulnerable communities. Services are extended through personalized advisory support and educational events, including the Womens Business Center programs available in English and Spanish. Since its inception in 2000, ACE has impacted over 2,800 businesses and facilitated the creation or retention of more than 22,600 jobs.
- Headquarters Atlanta, United States
- Founders Grace Covington Fricks
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website aceloans.org
- Social LinkedIn X Facebook YouTube
- Legal Name Access To Capital For Entrepreneurs
- Total Equity Funding$3M (USD)
in 9 rounds
- Latest Funding Round$3.75M (USD), Grant
Dec 2022
- InvestorsTruist
& 4 more
Products & Services of ACE
ACE offers a comprehensive portfolio of products and services, including Small Business Loans, Commercial Loans, and Business Coaching.
Loans are provided for small businesses in Georgia.
Commercial loans are offered to support business growth.
Coaching is provided to enhance business success strategies.
Apps and channels of ACE
its YouTube channel ACE has 3.97K subscribers and 30 videos.
Videos from ACE
The most watched videos on ACE's YouTube channel, ACE (3.97K subscribers). Click a video to play it here.
More on ACE.
Funding Insights of ACE
ACE has successfully raised a total of $3M across 9 strategic funding rounds. The most recent funding activity was a Grant round of $3.75 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3M
- Total Rounds 9
- Last Round Grant — $3.75M
- First Round $99,999
(Sep 2008)
- Investors Count 5
All 9 funding rounds of ACE with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $3.75M | Grant | – | – | |
| Oct 2018 | $3M | Private Equity Round | – | – | |
| Sep 2011 | $1.1M | Grant | – | – | |
| Jun 2011 | $99,999 | Grant | – | – | |
| Sep 2010 | $105,000 | Grant | – | – | |
| May 2010 | $204,842 | Grant | – | – | |
| Sep 2009 | $99,999 | Grant | – | – | |
| Jun 2009 | $114,118 | Grant | – | – | |
| Sep 2008 | $99,999 | Grant | – | – |
5 investors in total: 5 institutional.
Investors in ACE
ACE has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include Truist, United States Department of Agriculture and Northern Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Wealth advisory and banking services are offered to clients. | 1872 | truist.com | Charlotte, United States | |
Financial and wealth management services are provided worldwide. | 1889 | northerntrust.com | Chicago, United States | |
Leadership is provided on agriculture, food, and rural development matters. | 1862 | usda.gov | ||
Federal innovation and scientific achievement services are provided. | 1982 | sbir.gov | Lithia Springs, United States | |
The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government. | treasury.gov |
Investor details for ACE
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ACE
17 people are tracked at ACE (9 in leadership, 8 in team).
| Name | Role | Group |
|---|---|---|
Grace Covington Fricks | Founder & CEO | Leadership |
Martina Edwards | CEO | Leadership |
Adam Foley | Chief Credit Officer | Leadership |
Shanon Stewart | Chief Operating Officer | Leadership |
Sandra Font | Sr. Director, Women's Business Center | Leadership |
Sandy Headley | Vice President | Leadership |
Andréa R. Chambers | Assistant Director Of Fund Development | Leadership |
Gina Koehler | Executive Assistant To Ceo, Martina Edwards | Leadership |
Ray Pennie | Chief Of Business Advisory Services | Leadership |
Glenn Bachman | Business Advisor | Team |
Karen Malaga | Manager Business Advisory Services | Team |
Andrea Gibbs | Credit Analyst | Team |
Courtney Lynn | Credit Risk Portfolio Manager | Team |
Nancy B Howard | Marketing & Communications Specialist | Team |
Jeff Moody | Grant Development Specialist | Team |
Alejandra Diaz | Program Coordinator | Team |
Ophelia Brown | Accountant | Team |
Complete people profiles for ACE
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of ACE
3 dated milestones of ACE across 23 years, from founding to its latest funding, stage changes and deals.
- Founded ACE is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Grant, of $3.8M.
Web traffic of ACE
The website of ACE (aceloans.org) receives about 8.1K visits a month.
- Monthly visits8.1K
▲ 83.9% vs previous month
Websites whose visitors overlap most with ACE. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gwinnettchamber.org | 100% | 31.4K | #812,050 | View details | |
| investatlanta.com | 84% | #1,365,354 | View details | ||
| icic.org | 70% | 14.4K | #1,805,280 | View details |
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Frequently Asked Questions about ACE
ACE was founded in 1999 and raised its 1st funding round 9 years after it was founded.
ACE is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Grace Covington Fricks is the CEO of ACE, as recorded in our data. They have also founded this company.
ACE is a funded company, having raised a total of $3M across 9 funding rounds to date. The company's 1st funding round was a Grant of $100K, raised on Sep 2008.
Access to Capital for Entrepreneurs (ACE) is focused on providing small business loans ranging from 15,000 to 1 million to businesses in Georgia. Supportive coaching and valuable connections are also offered throughout the loan lifetime to ensure business success. The organization operates as a Community Development Financial Institution (CDFI), certified by the U.S. Department of Treasury, targeting economic opportunity in vulnerable communities. Services are extended through personalized advisory support and educational events, including the Womens Business Center programs available in English and Spanish. Since its inception in 2000, ACE has impacted over 2,800 businesses and facilitated the creation or retention of more than 22,600 jobs.
ACE offers Small Business Loans, Commercial Loans, and Business Coaching.
ACE has 5 investors. Key investors include Truist, United States Department of Agriculture, Northern Trust, SBIR, and U.S. Department of the Treasury.
ACE operates through Access To Capital For Entrepreneurs.