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Accion Texas PPT (Power Point) Presentation
What are the strategies goals of Accion Texas?
Our mission is to provide credit to small businesses that do not have access to loans from commercial sources. Through our loans and services, we help micro entrepreneurs strengthen their businesses,
stabilize and increase their incomes, create additional employment and contribute to the economic revitalization of their communities.
Where are located the offices of Accion Texas?
We have 12 offices in the state of Texas but service the entire state. The cities we are located in are Arlington, Austin, Brownsville, Corpus Christi, Dallas/Ft Worth, Edinburg/McAllen, El Paso, Houston, Laredo and San Antonio.
If I am in another city, could I access your financing programs?
Yes, we have on-line loan application process which allows us to service the entire state. A business owner is able to input his data and will have a preliminary decision on whether they qualify for a loan.
What is the Accion Texas budget for 2009 loans?
We currently disburse over $1 million in loans every month and have available loan capital for more if needed.
What are the most frequents Financing Challenges faced by entrepreneurs in 2009? |
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Obtaining working capital for business and expansion. Entrepreneurs and required to be more diligent in their book keeping and business plans.
Your recommendations for entrepreneurs in this economic scenario?
Maintain good records and have all necessary documents showing you are committed to your business. Know your capacity to pay and develop good marketing plan.
Risk Vs Capital: What elements Accion Texas take into consideration at the time to evaluate a loan application?
We consider the Work experience, Credit History, Capacity to absorb the new debt, Collateral used to secure the loan.
What type of loans Accion Texas offers?
ACCION Texas only makes business loans with different variations based on partnerships with Foundations and needs of clients in certain regions. Our products include business loans, lines of credit, I-TIN loans, and pronto loans.
What requirements you have to apply? What should the company have before going to Accion Texas for a Loan?
ACCION Texas provides loan for both for profit and not for profit business and the Required Documentation depends on if the borrower is a start-up or and existing business. All loan applicants must complete a loan application - Texas ID, bank statements, tax returns personal and business is applicable, our larger loans will require profit & loss statements, and balance sheet. If the business is a stat up – we require the borrower have a business plan and 12 month projections.
Did you offer financing for Microenterprises, Home Business and Start Up?
Yes, we do offer lending to all of the above businesses.
How those loans compare with SBA Community Express and others SBA
credit programs?
Our loans are not SBA guaranteed loans.
What is the top amount for your loans?
Our loans range from $500 to $100,000 with fixed rates and terms.
About ACCION Texas http://www.acciontexas.org/
Founded in 1994, ACCION Texas has become the largest microlender in the United States, with a portfolio of more than $20 million. ACCION Texas innovative business model is changing the state of the U.S. microfinance. ACCION Texas has made financial education a critical component of its customer relationships, and low loss rates have been one of its trademarks. Its portfolio-at-risk- the portion of its loans outstanding delinquent by more than 30 days -was just 4.2% at the end of last year. Janie Barrera, the president and chief executive officer of ACCION Texas, has been selected to receive American Banker's 2008 Innovator Award.
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Banking & Finance 
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