ACCION Chicago
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- ACCION Chicago
- Lending. Supporting. Inspiring
- 1436 W. Randolph St., Suite 300
- Chicago, IL 60608
- (312) 275-3000 (phone)
- http://www.accionchicago.org
Hours of operation
ACCION Profiled on WTTW
ACCION Chicago is an alternative lending organization dedicated to providing credit and other business services to small business owners who do not have access to traditional sources of financing. By encouraging the economic self-reliance of microentrepreneurs throughout the Chicagoland area, ACCION Chicago strives to help businesses and communities grow.
Many of our clients do not have access to traditional bank loans. The small size of their loan request and limited credit history regularly make them ineligible for conventional financing and unable to obtain the credit they need to grow their businesses. ACCION Chicago provides the credit and training necessary to help small business owners increase their incomes, create new jobs and strengthen their communities
ACCION Chicago's unique lending methodology is largely character-based. We do not make loans based on revenue, collateral or credit alone, but also rely on a client's commitment to their business, as well as references from customers and suppliers. We evaluate loan applications on a case-by-case basis, working with each client individually to ensure that the loan process is quick and easy.
ACCION Chicago Loan Amounts, Interest Rates and Terms
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Loan amounts range from $500 to $25,000
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Annual fixed interest rate as low as 12.62%
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Loan terms up to 60 months
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Loan types include start-up business loans, established business loans, and balloon loans
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Loan purpose ranges from inventory and equipment purchase to business marketing, payment of licensing fees, and other expenses associated with building a business
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Money in your hands (or loans disbursed) in approximately 15 business days from receipt of application
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Minimal application documents—less than banks require
Get answers to Frequently Asked Questions, or to apply for a loan visit www.accionchicago.org
41.8846002
-87.6636082
ACCION Chicago
1436 W. Randolph St., Suite 300
Chicago, IL 60608
Posted in Community organizations
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