Microbusiness Enterprise Center / Albany Community Together, Inc.
- NON-PROFIT ORGANIZATIONS
ACT! is a public-private economic action partnership established in 1997 and is an approved SBA micro-loan intermediary lender. ACT! is also a Certified Community Development Financial Institution (CDFI) through the U. S. Department of Treasury.
ACT! provides financial assistance to small businesses who lack access to traditional sources of capital, i.e. banks. We often 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. We help the banks meet their customer financial needs by providing ?gap funding?.
Since 2001 ACT! has assisted 96 businesses in creating 310 jobs and provided over $3.5 million in loan funding to 96 businesses, and leveraged over $15.1 million in private funding, a 4.31:1 ratio, $4.31 of private funds for every public dollar loan and one job created for every $11,290 loaned. ACT! serves women, minorities, and individuals who live in the 35 counties in Southwest and West Georgia.