Accion SBA Microloan Program
For businesses in:
South Florida and beyond
Provided by:
Accion
Ideal for:
Small Business Loan Seekers
Fair and flexible loans, connections to business experts, and access to resources for small business owner needs.
Coming Soon
Benefits
- Currently reviewing loan amount, terms and payment case by case.
- 7.75% to 15.99% interest.
- Less than 2 weeks to process.
- 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.
- No prepay penalty or cumulative interest payment for early pay off.
- Providing financial education and assisting businesses to be ready for future loan repayments.
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Eligibility
- Small businesses with requirements that are not real estate or non-profit.
- Credit score above 575.
- No bankruptcy in the last 12 months.
- No foreclosures in the past 24 months.
- No late payments on personal or business mortgage or rent in past 12 months.
- Less than $3,000 combined past due debt.
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