Beyond Banking: Our Small Business Loans

Microloans.com lending partners go beyond banking to work with business owners who are not able to obtain loans from traditional lenders.  If you are determined to start or grow your small business and are committed to good credit management, Microloan.com lending partners can provide the small business loan or alternative financing you need.

ACCION USA is the right fit for small business owners who:

• Have a credit score of 575 or more.
  Find out if you are likely to meet this requirement: use  MyFico's Credit Score Estimator for free, or obtain your actual credit score for a small fee at AnnualCreditReport.com
  
  
• Have not have declared bankruptcy in the past 12 months
  
  
• Have not had any late rent or mortgage payments in the past 24 months
  
  
• Are up-to-date on all bills
  
  
• Do not have more than $3,000 in past due debt, generally acquired under emergency circumstances (such as layoff or illness)
  
  
• Exhibit steady cash flow and the ability to support monthly loan payments. Learn More
  
  
• Can provide a cosigner, if needed

When your pre-application is approved a loan consultant will work with you to determine what loan size best meets the needs of your small business—your income must be able to comfortably support monthly loan payments. The chart below shows approximate monthly payment amounts for common loan sizes, and can help you to decide what loan amount is right for you.

* Please note that this is based on an interest rate of 11% and a closing fee of 5% and depends on the term of the loan, which is generally about two years. Your specific payment schedule will be calculated at the time of closing based on the evaluation of your application.