Go Green and Save Money with an ACCION USA Energy Efficiency Loan!
ACCION USA is a nonprofit organization that offers loans and financial education to small business owners. If you have an existing business and want to save energy and money, improve business profits, or qualify for government tax credits by going green, an ACCION USA Energy Efficiency Green Loan can help.
Save Money, Save Energy!
- An energy assessment can help you learn where your business could save money by investing in energy-saving changes such as lighting changes, new equipment, insulation, and more. Your loan consultant can refer you to a reputable provider and tell you more about the process.
- Invest in energy efficiency and qualify for government tax credits
- Use your ACCION USA loan to finance the cost of going green—it's an investment that will pay out in energy savings and increased business profits over time.
- ACCION USA adds your energy savings to your business's income for your application, helping you qualify for larger loan amounts.
Loan Terms, Fees and Interest Rates:
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New York
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Massachusetts
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| Interest Rates |
 SBA interest rates: 8.99% annually |
Range from 8.99% to 15.99% annually |
| Loan Purpose |
Use up to 50% of your total loan amount for non-green purposes and still qualify for the reduced interest rate |
No restrictions on green loan purposes
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Loan Amounts & Terms
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Loan Amounts up to $35,000 and terms up to 60 months |
Loan Amounts up to $50,000 and terms up to 60 months |
| Fees |
A $100 closing cost and a $30 application fee will be financed into your loan |
A closing cost of 3% to 5% (minimum of $100) a $30 application fee will be financed into your loan |
Basic Loan Requirements
- Reduced interest rate eligibility determined by ACCION USA: in general, equipment purchases must be energy efficient certified, and 50% of the loan purpose must be green
- Credit score of 575 or higher
- Less than $3,000 in past due debt
- No bankruptcies or late payments on your rent/mortgage in the past 12 months; no foreclosures in the past 24 months
- No late payments on your rent/mortgage in the past 12 months
- Sufficient cash flow to comfortably support monthly loan payments
- You must own fewer than four (4) properties
Start-up business requirements
- 6 or more months in operation: must show 6 or more months of business revenue
- Cosigner and proof of outside income required
- All required licenses
- Strongly recommended to have a completed business plan