Thursday, February 04, 2010

Alternative Lending Option For Some Businesses

ACCION Chicago Offers Small Business Loans

ACCION Chicago is a not-for-profit alternative lending organization, dedicated to providing credit and other technical support to small business owners who do not currently qualify for traditional bank financing. Since 1994, ACCION Chicago has made over 2,000 loans, totaling over $16 million. ACCION offers small business loans up to $15,000 for start-up businesses and up to $25,000 for existing businesses. These small loans can make a huge difference for small businesses who cannot receive bank financing.

ACCION's loans are funded in part by the City Treasurer's Small Business Development Fund (SBDF) - and a business need not be in a TIF, Enterprise Zone, etc. to be considered for a loan.

Learn more.


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