Beyond Banking: Our Small Business Loans

ACCION USA goes beyond banking to work with business owners who are not able to obtain loans from traditional lenders.  If you are determined to start or grow your small business and are committed to good credit management, ACCION USA can provide the small business loan or alternative financing you need.

ACCION USA is the right fit for small business owners who:

• Have a credit score of 575 or more.
  Find out if you are likely to meet this requirement: use  MyFico's Credit Score Estimator for free, or obtain your actual credit score for a small fee at AnnualCreditReport.com
  
• Have not have declared bankruptcy in the past 12 months
• Have not had any late rent or mortgage payments in the past 24 months
• Are up-to-date on all bills
• Do not have more than $3,000 in past due debt, generally acquired under emergency circumstances (such as layoff or illness)
• Exhibit steady cash flow and the ability to support monthly loan payments. Learn More
  
• Can provide a cosigner, if needed

Special considerations for start-up business loans

We consider all businesses in operations for less than 6 months, not yet profitable, changing locations, or that are the purchasing an existing business to be start-up businesses.

• Must provide a cosigner
• Must be able to match 50% of the loan amount with previous personal investment in the business, or savings
• You must have a source of external income (separate from your business)
• Your business must be operational and have all required licenses