Address: 1436 W Randolph St Suite 300
Chicago, IL 60607
ACCION Chicago is an alternative lending organization dedicated to providing credit and other business services to small business owners who do not have access to traditional sources of financing. By encouraging the economic self-reliance of microentrepreneurs throughout the Chicagoland area, ACCION Chicago strives to help businesses and communities grow.
The mission of ACCION Chicago is to provide credit to small businesses that do not have access to loans from commercial sources. ACCION Chicago lends from $500 to $25,000 with terms from 2 to 60 months. Collateral filing fees and a commitment fee are added to the loan requiring no out of pocket expense at the time of closing. We require loans to be secured by collateral which is valued at liquidation or trade-in prices. ACCION Chicago may also request a cosigner in some cases (Cosigner: A person who does not live in the applicant’s household and is not a principal member of the business. Cosigners must have good credit and the capacity to make the loan payment). ACCION Chicago never charges a fee for early payoff of a loan, and even encourages it.