Mission

Building wealth and creating economic opportunities in Georgia by providing affordable access to capital and business support for aspiring entrepreneurs and small business owners.

What We Do

ACT! provides Capital, Coaching & Connections with a focus on African Americans, other populations of color & low income persons. We work in partnership with banks to meet the credit needs of small business owners. Our programs serve to close the financial gap, to make the business owner “whole” financially.

Small Business Revolving Loan Fund

Small Business Revolving Loan Fund (gap financing, sole source financing)

  • Funds can be used to purchase furnishings and equipment, real estate, and renovations.
  • Loans up to $50,000.
  • Where primary lender is involved, written commitment required.
  • For sole source financing, must provide bank rejection letter or other documentation to show inability to secure bank funding.
  • Collateral - Must be fully collateralized.

Working Capital Loan

Working Capital Loan

  • Funds may be used to finance short-term operational needs, such as accounts payable, payroll, inventory, repairs and other more immediate needs.
  • Loans up to $50,000.
  • May be fixed payment loan with a term up to five years.
  • May be line of credit renewable annually (renewable for up to 3 years).
  • Collateral – May be secured or unsecured depending on the risk and credit worthiness of applicant(s).

Contractor Working Capital Loan

Contractor Working Capital Loan

  • Funds used to finance contracts.
  • Loans up to $20,000 (or no more than 20% of the contract).
  • Short term financing expected to be repaid by completion of the project.
  • Term – Up to twelve months.
  • Collateral – Assignment of contract (a must), personal guaranty, other collateral may be required.

Micro Business Accelerated Loan

Micro Business Accelerated Loan Program

  • Loans intended to facilitate the expansion of existing small and micro businesses and creation of new ones. Provides access to credit for businesses that are unable to secure credit from banks and other traditional lending sources.
  • Loans up to $10,000 based on accelerated steps:
  • Step One – May receive up to $2,000 for maximum of one year.
  • Step Two – After repayment of initial loan, may receive an additional loan up to $3,000 repayable in one year.
  • Step Three – Upon satisfactory repayment of the second loan, may qualify for up to $5,000 repayable in 24 months.
  • Step Four – Based on satisfactory repayment of third loan, may have access for up to $10,000 repayable in 36 months.
  • Borrowers may exit the MBALP at any time he/she has credit needs greater than the program maximum and qualifies for the increased funding.
  • Collateral – Will generally be secured, but may be unsecured depending on risk and credit worthiness of applicant(s).

In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability in admission to, participation in, or receipt of the services and benefits under any of its programs and activities, and in staff and employee assignments to clients, whether carried out by ACT! directly or through a contractor or any other entity with which ACT! arranges to carry out its programs and activities.

If you feel that the standards and procedures provided in 40 CFR Part 5 (§5.1350), 40 CFR Part 7 §7.120), and all associated definitions and guidance of discrimination based on race, color, national origin, disability, sex, age, and retaliation in the programs, services, and activities have not been met, please contact ACT! at (229) 420-4600 or by email at info@albanycommunitytogether.com.

To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; or send an e-mail to: crcomplaints@treasury.gov .

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