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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, lack of or poor credit history, may make them ineligible for conventional financing and unable to obtain the credit they need to grow their businesses.
Accion Chicago provides this credit and helps small business owners to increase their incomes, create new jobs and strengthen their communities.
Accion Chicago's unique lending methodology is strongly 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 offers a variety of loan products including individual, balloon, and start-up loans. Loans range from $500 to $50,000.
- Sunny Lee
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