Entrepreneurship and starting a small business is part of the American Dream. To be financially independent while doing what you love is what many people aspire to do.
For those that want to start a small business sometimes it’s hard to get a bank loan or any other type of financing. That’s where Accion San Diego can help people make their entrepreneur dreams come true.
Accion is a micro-lending organization that creates economic opportunity for primarily low-to-moderate income business owners who lack access to traditional sources of credit. Looking at the demand of small businesses and business startups in Imperial County, Accion decided to start adding Imperial Valley as part of their service area.
The major reason that businesses fail is the lack of a business plan. Accion partners with the Small Business Development Center so they can create that business plan so it can be submitted to Accion loan officers and they can see what their business is all about. One of the advantages of going with Accion for financing is that banks do not fund startups since they don’t have history of being bankable or being able to pay a long payment back. The banks will send them to Accion as a referral and they will work with the client to help them start their business, fix their credit, and establish a credit so that next time they go to the bank they will have a history that will allow banks to help them.
Action is represented by Diana Moreno-Inman in the Imperial Valley. Their address is 1405 North Imperial Ave., Suite 1 El Centro, California and their phone number is 760-223-9394.