Let's get started!
Applying for an ACCION USA small business loan takes approximately one hour. If you have questions along the way, our customer service team is available to help at (866) 298-5628.
- Step 1: Review Basic Requirements Questionnaire
- Step 2: Review Required Documents Checklist
- Step 3: Submit your personal and financial information using our secure online loan application.
Questions during your application? Call Customer Service at 1 (866) 298-5628
Step 1: Basic Requirements questionnaire
Learn if you are ready to apply for an ACCION USA loan using the questions below. If you answer "YES" to all of the questions, please continue with the application process. If you answer "NO" to one or more questions, you will not qualify for a loan at this time.
- Do you have a credit score above 575? Click for more information about credit.
To 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
- Do you own three (3) or fewer properties?
- If you have a mortgage, is it a fixed-interest rate mortgage (not adjustable)?
- Are you and your business free of active bankruptcy and have been for the last 12 months?
- Are you and your business free of active foreclosure and have been for the last 24 months?
- Are you current on your mortgage and/or rent and have been for the last 12 months? Click for mortgage information.
- You are current on your personal and business bills and do not have any accounts that are past due in excess of $3000?
- Are you in an industry that does NOT involve real estate investment, multi-level marketing, adult entertainment or firearms?
If you are applying for a start-up or transition business loan*:
* Start up business loans are for businesses that have more than 6 months in operation, but are not yet profitable
*Transition business loans are for the purchase of an existing business, or a change in business location
- Can you show documentation for at least 6 months of business revenue?
- Can you provide a cosigner that is not involved in the business?
- Can you provide a business plan OR a market study and 12 months of projected financials?
- If your business is not yet profitable, can you provide a source of external income that is fully able to support the loan? (If this source of income is spousal income, the spouse must sign on the loan.)
If you answered YES to all of the questions above, press continue to go on to Step 2: Document Checklist
If you do not qualify for a loan at this time. Visit our financial education resource center or attend an online seminar for tips on improving your credit.