Female entrepreneurs often encounter hurdles in accessing the capital they need to grow their businesses due to lower annual revenues and credit scores when compared to their male counterparts. Accion’s flexible guidelines and products enable us to specifically serve female entrepreneurs unable to obtain traditional financing. Accion has partnered with the Tory Burch Foundation and Bank of America to further our commitment to this underserved group by supporting female owned businesses.
Through the Tory Burch Foundation Capital Program, we will reduce the interest rate by 2% for female borrowers up to $1 million. The program is designed for women entrepreneurs with a sustainable business, a satisfactory credit rating, at least two years in business and a passion for growth. Please note that the Capital Program can only accommodate loans to businesses that are already operating and generating revenue.
Who is eligible? Female clients who have been in business for at least two years requesting a loan of $50,000 or less
Contact Kate Novotny Angeles at (312) 924-2177 for more information.