Only avaliable in Florida, Georgia, New Jersey, New Hampshire, New York, Massachusetts, Rhode Island and Connecticut.
These loans ranging from $50,000 to $250,000 are for established businesses with less than 100 employees or partially funded start-up businesses that need a large loan to scale. These loans can be used for things like working capital, vehicle purchases, inventory, equipment, marketing, expansion, and business or franchise purchase.
- Credit score of 575 or higher.
- Sufficient cash flow to support monthly loan payments.
- Established businesses must show 2 years of revenue
- Start-up businesses must have a minimum of 20% of total costs invested with a business plan
- Available only for businesses located in Florida, Georgia, New Jersey, New York, New Hampshire, Massachusetts, Rhode Island or Connecticut
- Other criteria may apply
If you have questions about your eligibility for this program, give us a call at 866-245-0783.
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.