Crafting financial support.
The hardest part of getting your idea off the ground? Getting a loan. An overwhelming number of our country’s small business ideas are unbankable, meaning they can’t get traditional bank loans; especially in the “risky” food & beverage world. Jim had that same problem when he started Sam Adams and our mission is to fix that.
That’s why Accion is such an important partner in this effort. They offer a range of loan products and expertise that allows small businesses to hire staff, upgrade equipment, secure space, buy inventory and lay the foundation for continued growth.
Ready for your loan? Here are the basic requirements in order to qualify*:
Minimum FICO credit score of 500-630
No active bankruptcy, mortgage modifications, foreclosure, tax liens/judgments without payment plan.
No slow pay on business and personal rent payments, credit payments, etc.
Ability to repay loans either through income or profitable business (collateral or co-signer may be required)
Business does not involve real estate development, non-profit organization, exporting, multi-level marketing, lending, or adult entertainment
*Factors may change according to region. Additional factors may apply.
Ready to apply for a loan? Apply now.