Small Business Loans

Accion Texas Loan Information

The mission of ACCION Texas is to provide credit to small businesses that do not have access to loans from commercial sources. Through loans and services, ACCION Texas helps micro-entrepreneurs strengthen their businesses, stabilize and increase their incomes, create additional employment and contribute to the economic revitalization of their communities.

Program Information

ACCION Texas lends from $500 to $50,000 with terms from 5 to 72 months. As a benefit to our customers we offer credit life and disability to make payments on your loan if you are injured and become disabled. Credit life and a commitment fee of 4% to 9% are added to the loan requiring no out of pocket expense at the time of closing. We require loans to be secured by collateral which is valued at liquidation or trade-in prices. ACCION Texas may also request a cosigner in some cases (Cosigner: A person who does not live in the applicant's household and is not a principal member of the business. Cosigners must have good credit and the capacity to make the loan payment). ACCION Texas never charges a fee for early payoff of a loan, and even encourages it.

Loan Products

• Individual Business Loans from $500 - $50,000:
  • Financial ability to repay.
  • Commitment and motivation to improve your business.
  • Good payment history with other creditors, landlords, suppliers, etc.
• Business Lines of Credit from $5,000 - $25,000:
  • Established businesses with 2 years of financial history
• Start Up Business Loans
  Entrepreneur must have:
  • Industry experience and personal equity investment of at least 10-20% (depending on loan size).
  • An alternative income source.
  • A business plan and financial projections are required.

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