These loans ranging from $1,000 to $10,000 are ideal for individuals who have been in business less than six months and who have either a home-based or incubator-based business. These loans are commonly used for things like working capital, operating costs, inventory purchase, equipment purchase and marketing.

The features of this loan include:

  • Interest rates starting at 10.99%
  • 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.
  • Sufficient cash flow to support monthly loan payments.
  • No bankruptcies in the past 12 months or foreclosures in the past 24 months.
  • No late payments on your rent or mortgage in the past 12 months.
  • Must have a full- or part-time job and proof of income.
  • All Start-Up Business Loan applicants must have a business plan to qualify. Need help starting one? Contact your local SBDC HERE for any assistance.
  • Other criteria may apply.


If you don’t meet these basic requirements, we encourage you to check back after you've had a chance to strengthen your application. 

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.