The average Chicagoan can simply apply for Chicago short term installment loans or personal financing in a pinch, but smaller businesses need other options. However, if a small business needs money to get off the ground or perform the renovations needed to expand, consumer short term installment loans and private loans are not the best tool for the job. Acción Chicago wants smaller businesses – and by extension, their communities – to thrive. Article resource – Acción promotes success for Chicago microentrepreneurs.
Acción Chicago working with microloans and small businesses
There is a motto that Acción Chicago has. It is “committed to bringing affordable microfinance solutions to small business owners who need them.” By extending assistance to thousands of small business owners throughout the Chicago area, Acción Chicago has been helping plant roots that form the foundation of strong communities since 1994. Acción Chicago works with many different microfinance options in order to help small businesses that have some civic pride.
Micro installment loans what is given for help
It is really hard to do well in today’s economy. Small companies may have a hard time more than any other. However, with microfinance companies like Acción Chicago putting forth the desire to grow strong communities via business opportunities and also the jobs that follow, there are numerous paths toward small business success where once none existed. Acción Chicago helps numerous small businesses with job creation and revenue because of a formula that helps businesses get more self reliant.
Lending done based on character instead of other things
The microlending decisions from Acción Chicago are made off of easy things for small companies. Revenue, collateral or credit are all that is used. What is considered in giving out micro business installment loans and micro short term loans for a small business are the customer’s supplier references and also the client’s level of commitment. Acción Chicago wants to make sure that the application for microlending is easy for small companies just like a consumer short term loans or payday installment loans application.
Acción Chicago microloan information
Microentrepreneurs searching for a cash infusion might borrow from $500 to $25,000 at a fixed annual APR as low as 12.62 percent. These 60-month installment loans require minimal documents for application. Want more info? Just e-mail info@accionchicago.org or call 312-275-3000.
Citations
Accion Chicago
accionchicago.org/home/for-business-owners/about-our-loans/frequently-asked-questions.aspx
Illinois Small Business Association Director Judith Roussel on microloans
youtube.com/watch?v=uyNG9T72jPs
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