Learn how to Start, Operate and Grow your business

Welcome to Accion East, your learning center for everything about starting and running your business.

Business Startup Checklist

Learn the basic steps when first starting a new business with our business startup checklist and guide.

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Business Structure Comparison

Learn the options you have when starting your business by learning about pros and cons of different business structures.

Compare Structures

Growing your Business

Just started or have an existing business but are struggling? Check out our small business growth tips for success.

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Latest Articles

Does a Trust Need a Tax ID (EIN)?


Trust accounts are designed to transfer wealth from a grantor to a beneficiary. There are many types of trust. Whether a trust needs a tax ID depends on the type of trust it is. A revocable, living trust remains under control of the grantor of the trust, and because of this it doesn’t need a tax ID. Instead, the trust will use the same tax ID as the grantor. On the other hand, if the trust...

Single-Member LLC vs Multi-Member LLC | What is the Difference?


Short for limited liability company, an LLC is a legal business structure, established by state laws. If you’re on your own, you can start a single-member LLC, but if you have partners, you need a multi-member LLC. These two options offer a range of different pros and cons. Keep in mind that not all types of LLCs need to obtain a Tax ID Number. To help you decide between a single and multi...

Obtain a Tax ID (EIN) Number for a Restaurant | Apply Online


When you run a restaurant, you’re busy writing menus, perfecting dishes, supervising staff, keeping customers happy, and juggling countless other tasks. On top of that long to-do list, you also have to manage your restaurant’s tax and banking needs, and generally, you need a tax ID called an Employer Identification Number (EIN) to handle everything. Wondering what is a tax ID (EIN)...

Louisiana Tax ID Online Application | How to Apply for a Tax ID (EIN) Online


Is your business in need of a tax ID number? If you’ve recently started a business in Louisiana, you’ll probably end up needing one. Fortunately, the process for obtaining a tax ID number is simple and quick (if you’re doing it online). Most business entities, like LLCs and corporations, will need a tax ID, also known as an EIN, to operate legally. In this guide, you’ll learn what conditions...

Indiana Tax ID Online Application | How to Apply for a Tax ID (EIN) Online


Looking to apply for a tax ID (EIN) for your Indiana business? Like most business owners, you probably need a tax ID for your business. There are many types of business entities you could create, including corporations, nonprofits, limited liability companies (LLCs), and more, and most of these will require a tax ID by default. Knowing the best way to apply for a tax ID can save you time, reduce...

Business Loan Requirements


GENERAL LOAN REQUIREMENTS Your loan consultant will work with you one-on-one to walk you through our loan requirements when you apply. But before you get started, learn about our basic loan requirements below. In general, to qualify for a loan you must: Have a credit score of 525 or higher or no credit score Find out if you are likely to meet this requirement: use  MyFico’s Credit Score...

Loan Amounts, Interest Rates, and Fees


AFFORDABLE LOANS FOR GROWING BUSINESSES Accion helps qualified small businesses grow with affordable small business & startup loans. We help you take a step towards building your credit, too, because we report to all three credit bureaus. SMALL BUSINESS LOAN PRODUCTS Business Loans up to $50,000: for established, profitable businesses Review requirements Start-up Business Loan up to...

About Accion Loans


Accion is different from a bank or credit union. Accion is a microfinance organization that lends with the mission of empowering business owners with access to working capital and financial education. Since 1991, we have lent more than $132 million to entrepreneur across the country. Accion offers business loans up to $50,000 and financial education throughout the United States. We specialize in...

Microloans in the United States


Microfinance institutions (MFIs) in the United States, such as Accion, grew from the success of microlending programs abroad, and have since been adapted to meet the unique needs of microentrepreneurs in the United States. Like its international counterpart, domestic microfinance seeks to empower self-employed individuals with affordable and accessible business capital. While domestic and...

15 Ways to Grow Your Business Fast


Let’s face it. Scaling your business is hard. It takes considerable effort. In the beginning, it means wearing different hats. It means dealing with sales and marketing. It means understanding taxes and corporate compliance. It involves having to interact with customers on a daily basis. And so much more. At the end of the day, it takes its toll on you. If you’re struggling to grow...