Access to capital for entrepreneurs - GA FY25

Access to Capital for Entrepreneurs, Inc. received a $779,165 Project Grant award from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046), effective July 1, 2025, through June 30, 2026. As an intermediary lender and Community Development Financial Institution (CDFI), the organization will utilize these funds to provide microloans up to $50,000 to startup, newly established, and growing small businesses, with loan proceeds restricted to working capital, inventory, supplies, furniture, fixtures, machinery, and equipment. The award also funds marketing, management, and technical assistance services to prospective and current microborrowers.

The organization's service delivery focuses on underserved entrepreneurs, particularly women, minorities, and low-income individuals across 68 counties in Georgia. In addition to direct lending activities, the grant supports business training, financial literacy programs, and management training to remove barriers to capital access and stimulate economic development in economically challenged areas. The one-year performance period represents part of the SBA's broader investment in intermediary lending infrastructure, with this award reflecting the Office of Capital Access's distribution of 57 project grants in this funding cycle ranging from $6,920 to $1,294,921.