Areas Served: Statewide Texas
ACCION Texas Inc. offers several small business loans specifically tailored to meet the needs of Texas businesses.
Individual Business Loans
¢ Loans from $500 to $50,000 for startups and up to $100,000 for established businesses.
¢ $250, 000 loans in San Antonio only
¢ 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
¢ 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.
Contact InformationACCION Texas, Inc
Address: 2014 S. Hackberry Street
City: San Antionio
State: Texas
Website:
http://www.acciontexas.org/500-100-000.html
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