- loans from $200 to $150,000
- lines of credit from $35,000 to $150,000
- rates vary and reflect the market rate and loan risk but are comparable to commercial bank rates for small business loans
- terms range from 2 months to 72 months depending on loan size
- vary depending on loan risk, ranging from 2% to 7%
- help us continue to serve the community by offsetting lending, training and outreach costs
- Be at least 18 years of age and demonstrate good character
- Show current capacity to maintain monthly loan payments
- Must use loan proceeds for business purposes, which cannot include alcohol sales, the sale or manufacturing of weapons, speculative investments or gambling operations.
- Live in a geographic area served by Accion New Mexico • Arizona • Colorado