Areas Served: Must live and work in one of the following Illinois or Indiana counties: Cook, Lake, McHenry, DeKalb, LaSalle, Kane, DuPage, Kendall, Will, Grundy, or Kankakee in Illinois OR Lake or Porter in Indiana.
The mission of ACCION Chicago is to provide credit to small businesses in Illinois counties of Cook, Lake, McHenry, DeKalb, LaSalle, Kane, DuPage, Kendall, Will, Grundy, or Kankakee OR Lake or Porter in Indiana that do not have access to loans from commercial sources.
ACCION Chicago lends from $500 to $25,000 with terms from 2 to 60 months.
Collateral filing fees and a commitment fee are added to the loan requiring no out of pocket expense at the time of closing.
Cosigners must have good credit and the capacity to make the loan payment.
Loan amounts range from $500 to $25,000 Annual fixed interest rate as low as 12.62% Loan terms up to 60 months Loan types include start-up business loans, established business loans, and balloon loans Loan purpose ranges from inventory and equipment purchase to business marketing, payment of licensing fees, and other expenses associated with building a business Money in your hands (or loans disbursed) in approximately 15 business days from receipt of application Minimal application documents€”less than banks require
Contact InformationAccion Chicago, Inc
Address: 1436 W. Randolph St., Suite 300
City: Chicago
State: Illinois
Website:
http://www.accionchicago.org/home/for-business-owners/about-our-loans.aspx#ACCION%20Chicago%20Loan%20Amounts
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