This week, Next City explored the real change Access to Capital for Entrepreneurs (ACE) is creating for African American small business owners in Atlanta. ACE's lending to African-American small business owners grew from $1.2 million in 2014 to $2.4 million in 2015. As on of the 15 awardees in the Wells Fargo's Diverse Community Capital (DCC) program, this growth will only continue.
In the article, Beth Lipson, OFN executive vice president, strategic initiatives, also shared how the social capital element of the DCC program is serving to help establish best practices in the small business lending sector for CDFIs.
Read the full article here.