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Understanding The Small Business Microloan Program

  • Broadcast in Business



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Understanding The Small Business Microloan Program with Shirley Brooks at Accion Texas is our guest on The Core Business Show with Tim Jacquet. Shirley Brooks. Vice President – ACCION Texas-Louisiana East Region.Accion Texas is a multi-state nonprofit small business lender committed to the success of our borrowers.The mission of ACCION Texas Inc. is to provide credit and service to small businesses that do not have access to loans from commercial sources, and to provide leadership and service to the micro-lending field on a national level.

Established in 1994 in San Antonio, ACCION helps entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment, and contribute to the economic revitalization of their communities.

ACCION Texas Inc. provides individual business loans from $500 to $50,000 for startups and up to $250,000 for established businesses. All loan funds repaid to ACCION are reinvested in the community.

Additionally, ACCION Texas Inc. is a SBA 504 Certified Development Company. The 504 program, available only in Texas, provides healthy growing businesses with affordable long-term, fixed-rate financing for major fixed assets, such as land and buildings. ACCION works with the SBA and Private-Sector lenders to provide commercial real estate financing up to $4 million, to small businesses under the SBA 504 Program.