Questions? We're Here to Help

We want to make getting a loan from Accion as easy as possible. So, we want to share the top questions we get asked and answer them for you.

How important is my credit score in qualifying for a loan?

Credit is just one of many factors that we look at when we work with business owners. If you credit isn’t well established or damaged, we can work to find strengths in your business or finances to make the loan possible. We do have firm requirements on past due debt and bankruptcies and have credit score minimums in some areas, so please check our loan requirements to see if we are a good fit for you.

Does Accion offer services other than loans?

Local businesses choose to work with us for more reasons than just access to loans. Our staff will go the extra mile for you throughout your application process, the life of your loan and beyond. We can help you connect with peers, local organizations, banks and more to provide as many opportunities for growth as possible. You can call us any time and connect with a live person. And of course, you can access our business resource library anytime.

What makes Accion different from a other financial institutions?

Accion is a nonprofit, community organization dedicated solely to helping small business owners succeed and communities thrive.  We are often able to lend to small business owners who have trouble finding loans elsewhere thanks to our smaller loan sizes, a process that looks at more just credit score, and terms that are designed to best meet your needs.

What types of businesses does Accion lend to?

Accion works with businesses in a variety of different industries such as construction, transportation, retail sales, landscaping, restaurants, professional services and more.

Will my start-up business qualify?

Accion has worked with thousands of start-up businesses across the country. Typically, our start-up loans require that you have an outside source of income (other than the business) to support the loan. Also startups may be required to have a business plan with a 12-month cash flow projection. Check our loan requirements to learn about our specific start up loan prerequisites.

What is the application process like?

Once you submit your online application, we’ll be in touch within 2 business days to let you know if you’re a good fit for Accion. If you are, you’ll be put in touch with a lending team member who will work with you one-on-one to assemble the strongest loan application possible. This will include documentation to confirm some of the information submitted in your application, as well as some other documents to help us understand your specific business situation as best we can.

What if I don’t qualify?

If you don’t qualify for a loan with us at this time, we’ll give you the information you need to improve your business and financial situation so that you have an improved chance of qualifying on your next application. Typically, you’ll be eligible to reapply in three to six months.

How much should I apply for?

When thinking about how much you should apply for, consider the following:


Loan Use – What will I use the loan for specifically and do I know how much that costs?


Monthly Payments – Will I be able to comfortably afford the monthly payments that will come with the loan? Click here to check out a monthly payment calculator.

Are Accion loans guaranteed by my business or personal credit?

Accion only makes business loans.  Businesses are required to guarantee the loan, and personal guarantees are required in most cases.