Help Take Your Business to New Heights With the Small Business Progress Loan From Accion Opportunity FundSmall Business Funding•Mar 4, 2022• 2 min read
To all hard-working Black business owners in need of growth capital, the Small Business Progress Loan from Accion Opportunity Fund might be for you!
Loans with fair and transparent terms
Small Business Progress Loan¹ amounts range from $5,000 – $100,000 with interest rates ranging from 5.99% – 14.99% and no prepayment penalties. Your rate and the amount you may be approved for are dependent on your credit and financial standing. Terms apply.
- 12+ months in business
- $50K+ in annual sales
- 20%+ ownership
About Accion Opportunity Fund
Accion Opportunity Fund is a nonprofit lender. Because they don’t exist to make a profit, they use the money from your repayment to support other business owners. And because no two businesses are alike, they structure loans for an individual business.
Helping uplift growing businesses
“The shift to remote work created a new space for us, as an IT company, to help other businesses work safely. Now, that’s materializing into more business opportunities. As we keep scaling, this loan will help us make a key hire.”
Founder and CEO, K Systems Solutions
More support and resources
Accion Opportunity Fund’s staff is available by phone to help you complete the loan application and gather final documents, including bank statements and tax returns. They can also guide you to other resources for small businesses.
Help your small business continue to grow with the Small Business Progress Loan
You can start your application online by using a self-service loan application form. Or, call Accion Opportunity Fund’s customer support team who will assist you over the phone at 1-866-458-3555.
Accion Opportunity Fund is proudly supported by American Express
American Express has invested in Accion Opportunity Fund to support their mission of creating a more equitable path to funding.
¹ Loans made by Accion Opportunity Fund Community Development. California Lenders License number 6050609
All loans and loan servicing are provided exclusively by Accion Opportunity Fund Community Development and its affiliates. Accion Opportunity Fund Community Development and its affiliates are independent third-party companies that are not owned, controlled or operated by, or affiliated with American Express. American Express makes no guarantee or endorsement regarding Accion Opportunity Fund Community Development, its affiliates, or their products or services. Accion Opportunity Fund Community Development and its affiliates solely own and manage their products and services on their own behalf and manage all aspects of their customer relationship, including making all credit and underwriting decisions. If you receive a loan from Accion Opportunity Fund Community Development or its affiliates, American Express will not be the lender.
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any of his/her rights under the law. The Federal agency that administers compliance with this law concerning this creditor is the Federal Trade Commission (FTC).
* Other eligibility criteria may apply. All applications are subject to review. Actual rates depend on fundamental credit score, loan terms, and credit usage and history.