• News
  • Finance

ACCION San Diego makes dreams come true for small business owners

Related Special Reports

ACCION San Diego is a non-profit organization that provides loans and technical assistance to small business owners who do not qualify for loans from traditional sources, such as banks or credit unions.

With loans ranging from $300 to $35,000, ACCION San Diego aids small and home-based business owners, particularly those run by minorities and people with low-to-moderate income levels.

The mission of ACCION San Diego is to create increased income and job stability for self-employed men and women by providing credit and other support services to these small business owners.

Many microentrepreneurs utilize ACCION San Diego's services for such reasons as limited financial records, lack of collateral, language barriers, poor or no credit history and small loan size.

Through their programs, the bilingual staff at ACCION San Diego has been helping these microentrepreneurs strengthen their incomes, create additional employment and contribute to the economic revitalization of their communities since 1994. To date, ACCION San Diego has disbursed over 1,800 loans totaling more than $7 million.

ACCION San Diego is also committed to an integrated approach to the community and works with strategic partners in local government, community-based agencies, corporations and banks.

These collaborative efforts enable ACCION to maximize resources, minimize duplication of services and cast a wider net reaching families in need.

Many business owners like Ana and Shane Behrendt are certainly thankful that ACCION San Diego is there to help.

"With little to no credit history, we were unable to qualify for a bank loan for our tourist shops in Mission Beach and Old Town. Thanks to three loans from ACCION, our shops, Souvenir Stop and Sand-n-Sea look beautiful and are very successful," said Behrendt.

If you have been in business for six months and are interested in a small business loan, please contact us at (619) 685-1380 or visit www.accionsandiego.org.

Submitted by ACCION San Diego

User Response
0 UserComments