Development Authority of Fulton County Creates Small Business Loan Program

Development Authority of Fulton County Creates Small Business Loan Program through
Access to Capital for Entrepreneurs (ACE)

Select Fulton, in partnership with the Development Authority of Fulton County (DAFC), is expanding support for the Fulton County business community in the midst of the COVID-19 response.

Starting today, Thursday, April 16th at 3:00 pm, small business owners in Fulton County, including those located inside the City of Atlanta, will be able to access the newly created $1.5 million Development Authority of Fulton County Business Contingency Loan Program. The Development Authority of Fulton County, which seeks to stimulate diverse, high-quality economic development, has partnered with ACE to support them through the COVID-19 pandemic.

The DAFC Business Contingency Loan Program offers up to $50,000 in emergency working capital for qualifying Fulton County small businesses who have experienced a loss of revenue or service disruption due to COVID-19 pandemic.

Last week, the Fulton County Board of Commissioners’ launched a similar $1.5 million small business loan program through ACE. Within 72 hours, the application had to be temporarily closed due to the overwhelming demand for capital from businesses in the county. In total, $3M in small business loans will be provided to Fulton County small businesses during COVID-19 crises through Select Fulton partners.

To qualify, organizations must be in business for at least 2 years. All applications will be accepted online. Businesses will be asked to provide required documentation to ACE by fax, mail, or email. A final decision will be made as quickly as possible. For more information, log on to