700 Jobs. That’s the sustained impact of Accion’s investment in entrepreneurs in Albuquerque alone last year. Lending over $12 million to small business owners across the region, Accion is not only helping individuals acquire capital, but also helping them build a strong business.
Anne Haines, the regional CEO, credits community partnerships and client referrals for the swift growth in Accion loans in the region. With Accion, you receive more than just a loan, you receive support and resources from the community.
With this expansion the New Mexico headquartered region now offers loan limits up to $1 million dollars, recognizing the need for larger investments. These loans fund businesses from tech start-ups to healthcare entities.
Furthering the Accion US Network mission of supporting underserved small business owners, the New Mexico headquarters reports that 53% of its borrowers are considered low to moderate income. Not only providing loans for individuals, but also providing targeted educational resources, Accion sets itself apart from other lenders in the area.
The increase in loans across the region and network is great news for those seeking to start or expand businesses across the country. Want to be a part of the circle?