Every business owner is familiar with the old adage, “It takes money to make money.” With so many alternatives for acquiring those much-needed funds, you can find yourself dazed and confused when it comes to figuring out which is the right way to bankroll your business.
Whether you’re considering taking a loan, partnering with an investor, or tapping into your savings, look at the benefits and downsides of your financing options before deciding which to pursue.
Accion looks at the whole picture when deciding to lend, rather than focusing solely on numbers, rendering us a bit more flexible than other lenders when it comes to approval criteria. In addition to the loan, being a non-profit lender we also provide training and education.
For small business owners who need money to start or grow their business, Accion offers loans from $300 to $1,000,000. These loans can be used for working capital, to purchase inventory, for equipment and other hard assets, for short-term business training, for promotions and advertising, to retire existing business debt, or for the purchase of an existing business.
Accion can help you with funding for:
- Purchasing inventory
- Buying or leasing equipment
- Professional expenses
- Hiring employees
- Financing any of the many expenses involved with being an entrepreneur