For existing businesses, we offer loans that range from $500 to $50,000. These loans are commonly used for things like working capital, operating costs, vehicle purchase, inventory purchase, equipment purchase, location changes and marketing.

The features of this loan include:

  • Interest rates starting at 8.99%
  •  Loan terms from 6 to 60 months
  • No pre-payment penalty
  • Closing costs of 3-5%
  • $135 processing fee applied only to closed loans
Qualification Details: 
  • Credit score of 575 or higher (other credit criteria may apply)
  • Sufficient cash flow to support monthly loan payments
  • No bankruptcies in the past 12 months or foreclosures in the past 24 months (flexible for loans under $2,500)
  • No late payments on your rent or mortgage in the past 12 months (flexible for loans under $2,500)
  • Other criteria may apply


Please be aware that Accion does not lend to businesses involved in: Real Estate, Mortgage Brokers, Development Companies, Adult Entertainment/Materials, Drug Paraphernalia, Distribution, Sale or Manufacturing of Firearms; Non-FDA Weight Loss Products, Traditional Lending Institutions, Alternative Lenders, Check Cashing, Factoring Organizations, Non-Bank Cash Advances, Pawn Shops,Non-Profit Organizations, Non-U.S. Companies, Collection Agencies, Currency Exchanges, Precious Metal Sales, Investment Opportunities, Gambling Establishments, Lotteries/Raffles, and pyramid or multilevel sales plans.


Let's Get Started

In just 15 minutes, you can be on your way toward applying for a small business loan. Start by telling us a little about yourself.