Ray Pennie is an experienced professional in business development and advisory services, currently serving as the Chief of Business Advisory Services at Access to Capital for Entrepreneurs, Inc. (ACE) since June 2018. With a strong background in financial services, Ray previously held the position of Vice President of Business Development at Clearpoint, focusing on strategic B2B partnerships to assist low and moderate-income clients. Prior entrepreneurial venture as the owner of Pennie Enterprises involved providing commercial mortgage training and consulting. Ray has held various roles in sales and collections across multiple organizations, demonstrating expertise in managing significant loan portfolios and cultivating business relationships in the financial sector. Ray's educational background includes studies at Capella University and a general education from Eden Prairie High School.
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ACE | Access to Capital for Entrepreneurs
ACE | Access to Capital for Entrepreneurs is a nonprofit community lender whose mission is to provide economic development to underserved people and communities, including low-income, minority and women borrowers. ACE provides loans and business development resources to help its borrowers create and grow sustainable businesses that generate jobs. Since 2000, ACE has provided more than $237 million in loans to 2,700+ businesses, saving or creating in excess of 22,000 jobs in Georgia. For small companies in a vulnerable stage of growth, an ACE loan can mean the difference between success and failure, and for larger companies, our assistance can enhance competitiveness and sustainability. ACE has emerged as a leader in responsive and innovative small business financing in Georgia. This leadership was recognized with a 2010 Opportunity Finance Network Wells Fargo NEXT Award for innovation. In 2011, ACE was accepted into the Goldman Sachs 10,000 Small Businesses CDFI Growth Collaborative, a collaborative working-group of 21 CDFIs from around the country who focus on expanding small business lending capacity and CNN Money recognized ACE as one of the country’s Top 10 microfinance organizations. In 2014, ACE was named by the Georgia office of the U.S. Small Business Administration as the Financial Services Champion of the Year. ACES’ personalized underwriting, flexible terms and ongoing business advisory assistance gives businesses the support and capital needed to expand and thrive. Beyond the financial bottom line, ACE also offers “green” programs to promote sustainability, operational efficiency and new market opportunities. ACE serves all 159 Georgia counties, including metro Atlanta, north Georgia, the Savannah region, and the south Georgia region. Visit our website at www.aceloans.org for more information.