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.