Accion is a
nonprofit microlender that specializes in small business loans. It offers
loans specifically for startups that have been open for less than six months.
Accion's loan amounts and minimum requirements vary by state. Among the more
common requirements are a minimum credit score of 575, sufficient cash flow
and proof of income. Maximum loan amounts range from $10,000 to $100,000.
Applications can be filled out online, with approval usually taking place
within one month. Accion's loans, most of which have annual percentage rates
starting at 10.99 percent, are repaid on a monthly basis over the length of