NYC Capital Access Business Loan Program

NYC CApital Access Program

As a NYC Capital Access lender, Accion East can provide your New York City-based small business with easier access to working capital and affordable small business loans.

At Accion, we understand the challenges of finding a loan to start or grow a small business. Whether you need to build your credit before applying for a bank loan, or have been affected by the recent credit crisis, Accion can help. 

About the program

As a participant in New York City's Capital Access Revolving Loan Guarantee Program*, Accion can offer you reduced closing costs on your small business loan.  And, you'll receive our competitive fixed interest rates - as low as 8% annually.

Program participants contribute a nominal, one-time administration fee.  These fees are set by the New York Economic Development Corporation (NYEDC) and range based on loan size, and cap at 1% for loans above $10,000.

How do I qualify?

Accion considers more than just your credit history for a small business loan--we look at other factors including your length of time in business, industry experience, and more. Your loan consultant will discuss your application with you to determine if you qualify for a loan with reduced closing costs; but please keep in mind the following minimum requirements:

  • No bankruptcies within the past 12 months
  • Start-up loans (up to $30,000) require a cosigner
  • Individuals past due on payments to any creditor may not qualify for a loan and a cosigner may be required

Loans offered under this program cannot be made to existing Accion clients, for real estate or personal purposes, or to nonprofit organizations

How Do I apply?

To apply for a Capital Access Loan, apply directly with Accion!

Learn More About Our Small Business Loans

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Fauzia's Heavenly Delights

Fauzia's Heavenly Delights

Photographer: Mick Minard Energizing the streets...