Small businesses create jobs, stimulate economic activity, and transform communities.
Helping people help themselves is an old idea that’s working in new ways. We’d like to invite you to help us do even more.
There’s no better way to support your community than to support your local small businesspeople and entrepreneurs. Your gift is instrumental in creating jobs, stabilizing the economy, promoting growth, and developing communities.
An increasingly wide array of businesspeople seeking the capital and business services come to Accion Texas in need of support. From restaurants, to barbershops, to construction companies, to daycare centers, they are the small businesses that create jobs and stimulate economic activity, transforming their communities.
Growing demand for loans
In addition to its bank partnerships, Accion relies on grants and contributions from socially responsible foundations, corporations, investors and individuals to meet our client needs.
The size of our loans has steadily increased over the years, and today we are able to offer loans from $500 to $250,000, as well as even larger SBA 504 loans to established businesses. Growing demand requires an increased capacity for lending, and we rely on the support of the community to meet our clients’ needs.
The support of community partners and individual donors is vital to the continued success of our hardworking clients.
Individuals who have made the commitment to annually support Accion with a gift of $1,000 or more become members of the President’s Society. We are grateful for their generosity.
We rely on our partnerships with banks for client referrals. When they are approached by a client who is a better fit for microloans than for a traditional bank loans, they send them our way. Regional banks have welcomed Accion into their communities, helping us grow and expand across Texas, Louisiana, and the Mississippi Delta.
We rely on the continued recognition and support of like-minded institutions. In 2008, Citibank committed $30 million to purchase Accion loans, allowing us to expand nationally. In early 2011, Chase Bank donated $5 million for loans and technical assistance for small business. At the end of 2011, Starbucks and the Opportunity Finance Network teamed up to choose Accion as one of the inaugural recipients of their collaborative “Create Jobs for USA” initiative.
We are grateful for the continued support of those who believe that credit and business opportunities should be available to everyone.