Accion helps communities grow by investing in entrepreneurs who build businesses and generate jobs in their neighborhoods. We provide the tools necessary for individuals to create and expand small business regardless of their backgrounds and other barriers of obtaining credit. Accion provides customized capital solutions and one-on-one coaching to aspiring entrepreneurs in Illinois and Northwest Indiana.
Accion creates economic development at a level that other financial institutions cannot. By providing loans up to $100,000 to qualified borrowers, we fill a gap in the credit market that large financial institutions don’t serve. Without Accion, many of the region’s budding entrepreneurs and promising start-ups would be stranded without access to credit, and the communities around them would not reap the benefit of jobs and capital they produce.
Accion is a certified Community Development Financial Institution (CDFI), SBA microlending intermediary, and SBA Community Advantage lender. We have compiled a remarkable track record of success with 20 years of service as a microlender in the Chicago area. Accion is a nonprofit, but we apply rigorous business principles and instill a culture of entrepreneurship in our customers.
Accion is a member of the Accion U.S. Network, a nationwide network of mission-based lenders combining deep local knowledge with cutting-edge lending solutions and unmatched personalized advising to fuel growth in underserved communities across the U.S. Our work is directed through the efforts of four, independent, regional community development financial institutions (CDFIs) and a national office that invests in innovation, technology and information sharing for the benefit of the entire network.
Globally, Accion combines decades of on-the-ground experience with insights into emerging technologies to create higher-quality, faster, better, cheaper, and safer ways to meet the financial needs of the poor and underserved. For more than 50 years, Accion has helped tens of millions of people through its work with more than 90 microfinance and fintech partners in 40 countries.