Here's what you need to know about our loan requirements

If you're interested in applying for an Accion loan, be sure to read the list below. It can help you determine if Accion is a good fit for you. Questions? Feel free to give us a call before starting your application.

Basic Loan Requirement Criteria:


To qualify for an Accion loan, you'll need to:

  • Be no more than 30 days late on any bills, loans, credit cards, or any other payment. If you are late, the total late balance must be under $3,000 (and it's preferable that any debt you do have is attributed to emergency circumstances such as layoff or illness).
  • Not have any mortgage-rate adjustments due during the term of the loan.
  • Not have declared bankruptcy in the past 12 months.
  • Not have had any late rent or mortgage payments in the past 12 months.
  • Not have gone through foreclosure in the past 24 months.


Here are a few additional requirements for businesses that have less than six months of sales:

  • Your business must be located at home or in an incubator.
  • You must have less than $500 in past-due debt.
  • You must present your two most recent paystubs.
  • You should have a business plan with a 12-month cash-flow projection.
If you don’t meet these basic requirements, we encourage you to check back after you've had a chance to strengthen your application.


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.