Accion Small Business Loan Reviews

Accion Small Business Loan Reviews

In this review, we will list the types of loans offered by Accion to help you determine if Accion is the right lending partner for your small business.

Accion Small Business Loan Customer Reviews

Accion seems to have mixed reviews from customers. Here are some Accion certified reviews on the Trustpilot website made by people looking for loans to help their businesses:

“After several voicemails and a phone call from another Bank, Accion’s representative finally called me. We had a brief conversation. He said he was in my neighborhood every Thursday and wanted to pass. I really said, let’s do it. Last Thursday there was no call or contact with me. Follow me again. This time he said he was handing over my file to his manager and writing. He would come back with me that afternoon.

Still no answer when I call! Voicemails or emails were not answered. I also called one of the Banks and he comes to him without any problem. Finally after 2-3 days I called and I ended up finishing and he told me he was unemployed and No his company looked at me in great danger. ”

“Ever since we got that loan… we started having money. As a result, we grew economically and personally and the business became more stable. ”

Accion Review Rates

  • Value  – 3/5

Overall, Accion Price works well for many early businesses that need less than $ 50,000 to grow their business and make it more profitable. Accion does not borrow money to buy housing. You can also get better interest rates with SBA 7 (a) loans.

Accion currently lends money only to businesses in New York and Florida. They tell us that they have little money and that this will continue for a long time.

  • Customer Service – 4/5

Accion’s customer service is helpful and informative. Our whole experience was just a little over average. They answered our questions and encouraged us to return a few months later.

  • Easy to use – 5/5

Applying for a long-term loan from Accion is easy. Everything is well explained on the Accion website, but they told us it was best to drive before filling out an online application.

  • Featured Features – 4/5

We like Accion’s approach to borrowing because it has affordable prices and tends to help businesses that need more borrowing. A key feature we like is that they offer long-term loans that can be used for any business expenses, which gives you the freedom to manage your business the way you see fit.

Choosing the best small business loan for your company falls into three categories:

  • The type of business you have
  • The needs of your business
  • What you want for the future of your business

Summary of Accion Business Loans:

Accion customizes the loans for the duration of each loan business, and as a non-profit organization for more than 50 years, Accion offers loans to the following types of businesses:

  • Women’s business loans
  • Business loans owned by a few
  • Food and beverage business loans
  • Early business loans
  • Small business loans
  • Lending business loans
  • Business debts for people with disabilities
  • Green business loans

Lending loans are the best business loans for companies that need a certain amount of money to support their business needs. Accion offers long-term loans of up to $ 50,000 at prices as low as 8.99%. You can also get approval in five to ten days.

Accion Small Business Loan Pros

  • The money can be used for any business expenses
  • Free your money
  • Clear funds
  • Easy approval in 5-10 days
  • You do not need a mortgage

Accion Small Business Loan Cons

  • You need 576+ Equifax points to qualify for a temporary loan
  • You need to be in business for two years to qualify for $ 50,000
  • No 24-month downturn
  • No more than $ 3,000 in previous debts required
  • You must show that you can repay the loan

How to Apply for an Accion Invoice Factoring Loan

  • Apply online at us.accion.org in less than 15 minutes providing basic information about your business and customers.
  • Get Accion approval in 5-10 days.
  • Receive your money 5-10 days later.

Types of Accion Business Loans

Accion offers business term loans only. A term loan is equivalent to a standard bank loan, where you get a certain amount of money with certain repayment terms.

Accion Term Loan

Accion is a non-profit lender whose goal is to run certain businesses. They focus on helping small and medium enterprises. This is reflected in the fact that they borrowed up to $ 50,000 from businesses.

Here are some Accion funded businesses:

  • Women’s business loans
  • Business loans owned by a few
  • Food and beverage business loans
  • Early business loans
  • Small business loans
  • Lending business loans
  • Business debts for people with disabilities
  • Green business loans
  • Very low rate: 8.99% per week
  • Loan sizes amount to: $ 50,000

Accion Small Business Loan Benefits:

  • Free money flow
  • Quick approval
  • Fixed payments
  • Fixed interest rate

Accion Small Business Loan Eligibility

  • 576+ Equifax Credit School
  • 2+ years in business
  • No financial losses in the last 24 months
  • Less than $ 3,000 in debt

How to apply Accion Small Business Loan

  • Visit us.accion.org and click “Apply for a Loan”
  • Provide basic information about your business.
  • Get an authorization decision within ten days.
  • Get your money back within ten days.

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