The mission of Accion San Diego is to create economic opportunity for primarily low-to-moderate income, business owners who lack access to traditional sources of credit. Through business loans and support services, we strengthen the roots of emerging entrepreneurs and help them to thrive in their communities, creating social and economic change.

Economic Development , Microfinance , Small Business Development , Urban & Community Economic Development

small business loans. Accion San Diego's unique lending methodology is strongly character-based. We don't make loans based on revenue, collateral, or credit alone, but also rely on the client's commitment to the business, as well as references from suppliers and customers. Accion uses a "stepped lending" model, in which clients are given relatively small, first-time loans. Monthly payments must be made on half the term of the loan or for a minimum of six months in order to become eligible for larger loans. As Accion San Diego builds a working relationship with each client, subsequent loans are usually approved quickly and good credit history is established.

small business owners in San Diego County

microfinance