Not what you're looking
for? Check out the
SBA 504 loan program.
If you’re an established business with
at least a two-year financial history
and have greater financial needs,
or even if you’re thinking of buying
a building, call us. You may qualify
for a larger loan with the SBA 504
loan program* since ACCION Texas Inc.
is a certified SBA 504
Community Development Company.
DOWNLOAD APPLICATION
*Available only in Texas
Refer a business
Most of our clients hear about
our small business loans from
current ACCION Texas Inc.
clients, friends, family, neighbors,
and other personal connections.
You can help others get access
to much-needed financial support
by referring them to us.
CLICK TO REFER A BUSINESS.
We have offices
in Texas, Louisiana,
Arkansas and Missouri.
Texas
Austin
Brownsville
Corpus Christi
Dallas
El Paso
McAllen
Fort Worth
Houston
Laredo
San Antonio
Louisiana
Alexandria Office
Baton Rouge Office
New Orleans Office
Shreveport Office
ACCION Texas Inc.
offers many options to help
get you on the road to success.
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You’ve got a great idea. You’d like to run your own business, but you need equipment, and funding to get started. At ACCION Texas Inc. we have small business loans specifically tailored to meet your needs.
Individual Business Loans
• Loans from $500 to $50,000 for startups and up to $250,000 for
established businesses.
• Qualifying businesses include existing and startup businesses’
relevant experience and equity .
• Startup businesses (6 months or less) require an alternate
source of income.
• Collateral is required to secure the loan.
Credit Start Loans
• Maximum loan amount of $500.
• Designed for entrepreneurs with no established credit who want to
establish their 1st trade line on their credit report.
Pronto Loans
• Unsecured loans from $500 to $5,000.
• Must be an existing business with business checking account.
• Good payment history required and prefer bankruptcy score over 500.
• Disbursement of loan within 24 hours.
Lines of Credit
• Loans from $5,000 – $50,000.
• Purpose of the loan is working capital, inventory, and seasonal fluctuations.
• Business must be established and operating for at least two years.
• Good payment history required.
Loans to Immigrants with I-TIN
• ACCION Texas Inc. will lend to individuals with businesses who
have a Tax Identification Number issued by the IRS and reside in Texas,
but who may not be U.S. citizens.
• Loan amounts from $500- $10,000.
ACCION Texas Inc. Loan Access Program
• Program is designed to help entrepreneurs with limited or no collateral,
who otherwise would qualify for an ACCION Texas Inc. Loan.
• Must be an existing business with minimum three years of operations.
• Loans up to $50,000.
• Good payment history required
• Must have capacity to repay the loan.
• Customer pays a non-refundable 5% of the principal loan amount to enroll
in the program. This amount serves as loan loss reserve since there is no
collateral to secure the loan.
Auto Loans
• This program is open only to current ACCION Texas Inc. customers
with a minimum 6-month payment history.
• We are able to refinance higher-interest auto loans with better
interest and terms.
• 18-wheelers and dump trucks do not qualify under this program since
the vehicle is the means of business.
* This program covers only vehicles used for your business.
Special Purpose Products
• Texas Heroes loans (for Veterans) .
• Sub-contractor loans ( Non-profit builder, University of Texas).
• Community Development Projects (San Antonio, Rio Grande Valley).
• EPA Trucker Loans (coordination with EPA and I-Bank) .
• Interest Buy-down Programs (typically regional offerings with 3rd party
paying the difference between our computed interest rate and a lower
fixed rate. Buy-down interest rates to client vary from 1% - 5.5%).
SBA Certified Development Company
504 Loan Program*
• Loans from $200,000 and up, and as much as $10 million.
Available to businesses with a two-year financial history
• Typical financing – Bank: 50%, ACCION Texas Inc./SBA:
40%, Borrower:10% equity.
• Fixed rate with 100% SBA-guaranteed debenture sold to investors.
• Loans must be used for fixed asset projects: purchase of land and
improvements, buildings, street improvements, parking lots, construction
of new facilities, renovating existing facilities, or purchase long-term
machinery and equipment.
• Available to for-profit small businesses only – retail, service, wholesale,
manufacturing.
* Currently available in Texas only.
SBA 7a Community Advantage Loan Program Information
The SBA 7a Community Advantage Loan Product has been designed by U.S. Small Business Administration (SBA) to reach underserved communities. The first requirement for eligibility under this program is:
Businesses must meet one of the following underserved market requirements :
· Business is physically located in a Low-to Moderate Income (LMI) Communities .
· Business is located in Empowerment Zones and Enterprise Communities.
· Business is located in a HUB Zone .
· Veteran-owned business: Business must be owned and controlled 51% or more by veteran, active duty military participating in the military’s Transition Assistance Program (TAP), reservist or national guard member or a spouse of any of these groups, a widowed spouse of a service member who died while in service, or a widowed spouse of a veteran who died of a service-connected disability.
· Business where more than 50% of their full time workforce is low-income or resides in LMI census tracts.
· Business for no more than two years in operations (details below).
Loan Amount: From $50,000 to $250,000.
Interest rate: Interest rate is Prime + 4%.
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Nearly 10,000
small businesses
have benefited
from ACCION
Texas-Louisana
microlending.
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