Accion East

Accion East is a nonprofit micro lender that connects small business owners with the financing and advice it takes to create or grow healthy enterprises. Since the inception of its Boston office in 2001, Accion has lent more than $9 million and provided support to over 1,400 small businesses. In 2012, Accion was recognized as the Small Business Administration’s Micro lender of the Year for providing more microloans than any other lender in Massachusetts. Accion microloans range from $500 to $50,000, with an average loan size of $7,000. These loans, which are hard to access from traditional lenders, provide the small, but critical amount of financing needed to grow. Accion is more than a lender. It offers free financial education services in the form of one-on-one financial counseling, online resources and interactive webinars. Accion works closely with each borrower to help manage cash flow, understand credit problems, build a strong application for financing and learn about the financial and regulatory marketplace.