Accion offer several loans to variety of businesses with the credit score of 575 or higher or no credit history. Based out of an incubator, home-based, or storefront. Working Capital, Operating Cost, Vehicle Purchase, Inventory, Equipment, Marketing.
- Start-Up Loan: New business with less than six month in operation looking for capital to launch $1,000-10,000.
- Microloan: Existing business with more than six moths in operation looking for a quick loan to grow $1,000-50,000.
- Community Advantage: Established business with less than 100 employees or partially funded start-up businesses who need a large loan to scale $50,000-$250,000.