Blockwalk kit

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Blockwalk kit

  1. 1. Lending. Supporting. Inspiring.About ACCION USA ACCION USA at a GlanceAs a leader in U.S. microfinance, ACCION USA empowers low-to-moderate income(LMI) business owners with access to capital and financial education. With economicopportunity, these entrepreneurs—often minorities and women—can build assets, 19,301 Loans Madebetter provide for their families, and strengthen their communities. AUSA has lent $121 million since 1991, and is one of the nations largest $121.1 Total Amount Lent (in millions) microlenders, serving more than 2,000 active borrowers across 46 states. $7,195 Current Average Loan Size ACCION USA offers affordable loans from $500 to $50,000 for small business and credit development with an average loan size of $6,800 and interest rates from 8.99% to 15.99%. 89% Historic Repayment Rate Jobs created/retained per Our investment in our clients does not end with a loan—we provide free financial 2.4 loan disbursed education services to set the foundation for long-term business success. Data since 1991 inception, as of May 31, 2010 The extended U.S. ACCION Network has supported 24,600 U.S. small businesses with $277 million. This network of licensees serving TX, LA, NM, CO, AZ, IL, and CA and our online lending platform provides a national footprint for microloan borrowers.Microloan NeedNationwide, low- to moderate-income entrepreneurs are unable to access the creditneeded to build sustainable businesses and attain economic self-sufficiency. Thischallenge takes on increased significance during the recession, whereunemployment presents a hurdle to full economic recovery. 10 million microbusinesses nationwide cannot access from traditional sources Success Story: Margarita Amador the loans needed to grow their business Margarita Amador, owner of Amador Home Microenterprises (<5 employees) account for approximately 18 percent of Improvements, is dedicated to providing employment in the U.S., and create 900,000 jobs a year. her clients with quality service at a fair price. Even during the economic Predatory lenders charge average annual interest rates over 300%— downturn, business has been steady. and accounted for over $42 billion in loan volume in 2008. However, Margarita was experiencing cash-flow difficulties and needed a loan toACCION USA Impact keep her business on track. Unable toAccording to the most recent MicroTest impact study conducted in partnership with borrow from the bank, Margaritathe Aspen Institute, AUSA loans empower borrowers to: approached ACCION USA, where she qualified for the loan she needed. Create employment opportunity in low- to moderate-income communities: On average, each AUSA small business loan recipient creates 2.4 new jobs. "My dream is to be able to provide for my childrens education and to start Create living wages for borrowers and their employees: Wages provided by another business of my own," says ACCION USA borrowers are 24% higher than the national minimum wage. Margarita. These goals are now within her Create sustainable businesses: The business survival rate among AUSA reach, thanks to the support of AUSA. clients is 98% for established businesses and 89% for start-up businesses. www.accionusa.org Twitter: @accion_usa Facebook: www.facebook.com/accionusa ACCION USA Headquarters — 115 East 23rd Street, 7th Floor, New York, NY 10010
  2. 2. ACCION USA works withLooking for a Small small business owners who do not qualify for traditional bank loans.Business Loan? Our basic requirements put access to capital within your reach!ACCION USA Can Help. ACCION USA is the right fit for business owners who Small business loans up to $50,000 have: Start-up loans up to $30,000 (must  A credit score of 575+ have 6+ months in operation)  No bankruptcy in the past 12 months Free webinars and online financial  No late rent or mortgage & business resources payments in the past 24 months and are up-to- date on all bills  No more than $3,000 in past due debt  Strong cash flow Learn more and apply online at www.accionusa.org Apply Today! 1-866-245-0783
  3. 3. ¿Está Buscando un Trabajamos con pequenos empresarios Préstamo Comercial? que no califican por préstamos con bancos tradicionales. ¡Nuestros ¡ACCION USA puede requisitos básicos permiten que usted consiga el dinero que ayudarlo! necesita! ACCION USA puede ayudar pequeños Préstamos comerciales hasta $50,000 empresarios que tienen: Préstamos para nuevos negocios hasta  Un puntaje de crédito de $30,000 (debe tener más de 6 meses 575+ defuncionamiento )  Ninguna bancarrota en los últimos 12 meses Seminarios por Internet y recursos del  Ningún pago de alquiler o negocio y crédito en línea GRATIS hipoteca en mora en los últimos 24 meses, y estar al día con los pagos de sus cuentas  No más de $3,000 en deuda atrasada  Un flujo de caja fuerte Obtenga más información y solicite en www.accionusa.org ¡Solicite Hoy! 1-866-245-0783
  4. 4. Small Business Loans Apply online at www.accionusa.org or call toll free (866) 245-0783ACCION USA is a nonprofit organization that offers small business loans of up to $50,000 and financialeducation to small business owners in the United States. Take your business to the next level with a businessloan or business start-up loan from ACCION USA. LOAN REQUIREMENTS OUR LOAN PRODUCTS ACCION USA is the right fit for business owners who meet the Business Loans up to $50,000: for established, following basic requirements: profitable businesses Start-Up Loans up to $30,000: for businesses with 6 months in Credit score of 575 or higher operation, but that are not yet profitable You must own fewer than four Transition Business Loans up to $30,000: for the purchase of (4) properties an existing business or a change in business location No bankruptcies in the past 12 months or foreclosures in the past 24 monthsRATES, FEES, AND TERMS No late payments on your rent/ mortgage in the past 12 months Competitive annual interest rates from 8.99% to 15.99% Sufficient cash flow to comfortably Loan terms up to 60 months support monthly loan payments No prepayment penalty Less than $3,000 in past due debt 3-5% closing cost (minimum of $100) and a $30 application fee will be financed into approved loans If you have an adjustable rate mortgage, the rate must not adjust during the term of the loan.WHY ACCION USA? For start-up and transition loans: 6 or more months in operation Access to capital: Our basic requirements allow you to get the money you need to build your business A qualified cosigner may be required Opportunity to build credit: We report to all three credit bureaus A market study and 12 Friendly & personalized service: Your loan consultant will help months of projected financials (or you one-on-one to apply a business plan) may be required Free financial education: Workshops and online resources help If the business is not yet you further build your business and credit profitable, a borrower must have external income that is fully able to support the loan Lending. Supporting. Inspiring. Additional information available at www.accionusa.org 03/11
  5. 5. Préstamos Comerciales Para solicitar llame al 1-866-245-0783 o viste al www.accionusa.orgACCION USA es una organización sin fines de lucro que provee préstamos hasta $50,000 y programas deeducación financiera a pequeños comerciantes en los Estados Unidos. El préstamo comercial de ACCION USA lepuede proveer el dinero que necesita para tener éxito con su negocio.NUESTROS PRÉSTAMOS REQUISITOS BASICOS Préstamos para negocios de hasta $50,000: para negocios Un puntaje de crédito de 575 o mayor rentables y establecidos Posee menos de 4 propiedades Préstamos para negocios nuevos de hasta $30,000: Para Ninguna bancarrota en los últimos negocios con mas de 6 meses de funcionamiento pero que aún 12 meses o embargo de propriedad no tienen ganancias en los últimos 24 meses Préstamos para negocios en transición de hasta $30,000: Debe de estar al día en sus pagos Para la compra de un negocio ya existente o para un cambio de hipoteca y/o alquiler actualmente de ubicación del negocio y por los últimos 12 meses Suficiente flujo de caja como para realizar cómodamente los pagos mensualesTASAS, CUOTAS & PLAZOS Menos de $3,000 en deuda vencida Tasa de interés competitiva: fija y anual, desde 8.99% -15.99% Si tiene una hipoteca, debe ser una Plazo hasta 60 meses tasa de interés fija o una hipoteca de No hay penalidad por prepago tasa ajustable que no cambie durante Costo de cierre desde 3% hasta 5% (mínimo de $100) el término del préstamo. y un cargo de solicitud de $30 se incluyen en los Requisitos adicionales para nuevos pagos mensuales negocios o negocios en transición: Seis o más meses de funcionamiento Debe presentar un co-firmante¿POR QUE ACCION USA? calificado (si es necesario) Acceso a capital: Nuestros requisitos flexibles permiten que usted Debe proveer un estudio de mercado consiga el dinero que necesita para alcanzar sus objetivos y 12 meses de pronóstico de finanzas, o un plan de negocios (si es necesario) Oportunidad de construir crédito: Reportamos a las tres agencias de crédito Si su negocio todavía no ha sido rentable, el solicitante debe tener otra Servicio amistoso y personalizado: Su asesor de crédito le fuente de ingresos alternativa para ayudará a completar la solicitud respaldar el préstamo. Si este es el Educación financiera GRATIS: Talleres y recursos en línea le ingreso de su esposo/a, el/la esposo/a ayudan a continuar a crecer su negocio y su crédito debe también firmar el préstamo Préstamos. Apoyo. Inspiración. Más información disponible en www.accionusa.org 03/11
  6. 6. SOLICITUD DE PRÉSTAMO COMERCIAL***ES REQUERIDO LLENAR TODAS LAS CASILLAS*** Nombre de su asesor(a) de préstamo_________________1. INFORMACIÓN PERSONALNombre Correo electrónicoDirección de hogar (Apt.) Ciudad/Estado/Código postalTeléfono de casa Teléfono celularApellido de soltera de su madre Fecha de nacimiento (día/mes/año)Numero de años dirección actual Numero de personas que viven es su hogar, incluyendo a si mismo _____Número de Seguro Social/ITIN ¿Ha recibido un préstamo con ACCION USA en el pasado?  Si  No ¿Mejor tiempo para llamar?  mañana  tarde  noche  fines de¿Como aprendió de ACCION USA? semana2. INFORMACIÓN DEL NEGOCIONombre del negocio Teléfono del negocioDirección (si es diferente a la de arriba) Ciudad/Estado/Código PostalPor favor describa brevemente su negocio¿Hace cuanto tiempo ha estado en operación su negocio teniendo ingresos? Años _______ Meses ________Actualmente, ¿tiene ganancias en su negocio?  Si  No¿Cual es la entidad legal de su negocio? Incorporada  LLC  Único dueño  Otro¿Tiene un socio de negocio?  Si ¿Esta su socio dispuesto a firmar el préstamo?  Si  No  No¿Estaría dispuesto a tener los pagos del préstamo descontados  Si Si contestó si, en que semana del mes? ___________automáticamente de su cuenta bancaria?  No¿Cuantos empleados tiene incluyéndose a si mismo(a)? Tiempo Completo ________ Tiempo Medio __________¿Renta una tienda o un almacén para guardar cosas de su negocio?  Si  No¿Cual es el promedio del balance total de su cuenta bancaria en los 4 últimos meses? $_____________¿Acepta tarjetas de crédito?  Si  No Si es que si, ¿Cuantas transacciones de tarjetas de crédito procesa por mes? #________ Si es que si, ¿Cual es su total mensual de ventas en tarjetas de crédito? $ _________3. REFERENCIASREFERENCIAS PERSONALES Familia  Amigo/a  Otro Nombre Número de teléfono Familia  Amigo/a  Otro Nombre Número de teléfono Familia  Amigo/a  Otro Nombre Número de teléfonoREFERENCIAS DE SU ARRENDATARIONombre del arrendatario de su hogar Número de teléfonoNombre del arrendatario de su tienda Número de teléfonoREFERENCIAS DE SU EMPLEADOR (Si es que tiene un trabajo en adición a su negocio)Nombre del empleador Número de teléfonoDirección de hogar (Apt.) Ciudad/Estado/Código PostalHace cuanto tiempo trabaja en esta empresa? Años _______ Meses _______ ¿Cuantas horas a la semana trabaja en esta empresa? _____4. PEDIDO DEL PRESTAMOPor favor haga una lista con los usos de este préstamo y cómo lo ayudarían con en el crecimiento de su empresaARTICULO MONTO SOLICITADOPor ejemplo: Una impresora para aumentar la producción Por ejemplo: $1,0001. $2. $3. $ Monto total del préstamo detallado $ Cuanto prefiere pagar cada mes? $ --SIGUIENTE PAGINA-- rd th ACCION USA — 115 East 23 Street, 7 Floor, New York, NY 10010 — Phone 1-866-245-0783 — Fax (212) 387-0145 1/11
  7. 7. 5. CUESTIONARIO PARA LA SOLICITUD 1. ¿Acaba de iniciar su empresa pero aún no tiene ganancias, se muda, está abriendo un sitio nuevo o comprando una empresa  Si  No existente?  Si contestó “SI” a 1a. ¿Puede mostrar todos los documentos con los ingresos de la empresa de estos últimos 6 meses o más?  Si  No pregunta #1, por 1b. ¿Puede proveer un plan de negocios para su empresa o un estudio de mercado y 12 meses con estados  favor responda financieros proyectados?  Si  No #1a a la #1c. 1c. ¿Si su empresa aún no tiene ganancias, puede mostrar una fuente de ingreso externa que cubra las cuotas  del préstamo? (Si esta fuente de ingreso es del cónyuge, éste debe reunir todos los requisitos y firmar el préstamo).  Si  No 2. ¿Tiene un puntaje de 575 o más en su historial crediticio? (Si no sabe lo que es o nunca ha tenido crédito en los Estados Unidos,  Si  No seleccione "No sé".)  No Sé 3. ¿Tiene cuentas con pagos atrasados y el total del monto atrasado es mayor a $3,000 dólares? (Considere cuentas atrasadas  Si  No como tarjetas de crédito, deudas de servicios de médicos y gravámenes por impuestos no pagados, etc.) 4. ¿Es propietario de 4 o más propiedades?  Si  No 5. ¿Posee una hipoteca?  Si  No 5a. Si es que sí, ¿Tiene su hipoteca una tasa de interés fija?  Si  No 6. ¿Se declaró alguna vez en bancarrota?  Si  No 6a. Si es que sí, ¿Fue su bancarrota anulada o saldada hace mas de 12 meses?  Si  No 7. ¿Lo han embargado o ejecutado su hipoteca en estos últimos 24 meses?  Si  No 8. ¿Ha tenido pagos en su hipoteca o pagos de alquiler atrasados en estos últimos 12 meses? (incluya su vivienda y/o su empresa).  Si  No 9. ¿Esta su empresa relacionada con inversiones inmobiliarias, mercadeo de multinivel, entretenimiento para adultos o armas de fuego?  Si  No 10. Si es requerido, ¿Puede proveer un aval que no esté relacionado con la empresa y que sus ingresos tampoco estén relacionados  Si  No  con la empresa? 6. RESUMEN FINANCIERO INGRESO Y GASTOS DE SU NEGOCIO INGRESO Y GASTOS PERSONALES ------------ INGRESO MENSUAL DE SU NEGOCIO ---------- ------------ INGRESO MENSUAL PERSONAL ---------- Ventas de negocio mensuales $ Sueldo que lleva a casa por su negocio $ Otros ingresos $ Ganancias netas de su segundo trabajo $ TOTAL DE INGRESOS DE NEGOCIOS $ Otras ganancias en su hogar y de esposa/o $ ---------- GASTOS MENSUALES DE SU NEGOCIO---------- Ingreso de Seguro Social $Materiales e inventario- costo de ventas/operación $ Ingreso por discapacidad $ Marketing, y pagos de publicidad, etc. $ Ingreso por pensión/mantención de menores $ Sueldo que lleva a casa por su negocio $ Otro ingreso (describir____________) $ Sueldos de sus empleados $ TOTAL MENSUAL DE INGRESO PERSONAL $ Licencias anual, cargos a su negocio $ ---------- GASTOS PERSONALES MENSUALES ---------- Compra de equipo y mantenimiento $ Utilidades - gas, electricidad, calefacción, agua $ Utilidades - gas, electricidad, calefacción, agua $ Gastos médicos y de salud $ Seguro – vida, salud, propiedad $ Seguro – vida, salud, propiedad $ Teléfono/ celular/ pager $ Teléfono/ celular/ pager $Auto -Gas, reparaciones, estacionamiento, seguro $ Auto -Gas, reparaciones, estacionamiento, seguro $seguro Renta $ Transportación pública $ Impuestos $ Renta $ Otros gastos $ Otros gastos $ Total pago mensual en renta de carros/equipo $ Comida/ropa $ Crédito mensual que debe a su abastecedor $ Educación/libros/materiales $ Otro crédito que debe mensualmente $ Guardería $ Préstamos que debe a familia/amigos cada mes $ Cable TV/entretenimiento $TOTAL MENSUAL DE GASTOS DE NEGOCIO $ Pensión/mantención de menores $ Dinero que envía a familiares $ Pagos mensuales prestamos/tarjetas de crédito $ TOTAL MENSUAL DE GASTOS PERSONALES $  7. AUTORIZACION PARA LA VERIFICACION DE SU INFORMACION Entiendo que, basado en mi pleno conocimiento, toda la información incluida en esta solicitud es cierta y correcta. Autorizo a ACCION USA (AUSA) a realizar un reporte de mi crédito, inmediatamente o en el futuro, incluyendo la obtención de reportes personales y/o comerciales de crédito y de intercambiar información acerca de experiencia crediticia internamente o con otros acreedores, tal como lo autoriza la ley. También entiendo que esta solicitud servirá como el primer paso en el proceso de solicitud de préstamo y autorizo a AUSA a investigar y verificar la información proveída anteriormente en adición a cualquier otra información requerida. También, entiendo que la información dada en esta forma o en mi reporte de crédito puede ser usada por AUSA para aprobar o negar mi solicitud de préstamo y que AUSA puede guardar esta solicitud independientemente si recibo o no el préstamo. FIRMA DEL SOLICITANTE ______________________________________________ FECHA: _____________________ rd th ACCION USA — 115 East 23 Street, 7 Floor, New York, NY 10010 — Phone 1-866-245-0783 — Fax (212) 387-0145 1/11
  8. 8. BUSINESS LOAN APPLICATION***ALL FIELDS MUST BE FILLED OUT COMPLETELY*** Name of your loan consultant_________________1. PERSONAL INFORMATIONFull name Email addressHome address (Street, apt. #) City, State, ZIP CodeHome phone Cell phoneMother’s maiden name Date of birth (month/day/year)Number of years at current residence Number of people in your household, including yourselfSocial Security number/ITIN Have you received a loan from ACCION USA in the past?  Yes  NoHow did you hear about ACCION USA? Best time to call:  Morning  Afternoon  Evening  Weekends only2. BUSINESS INFORMATIONBusiness name Business phone/faxBusiness address (street, unit #) City, State, ZIP CodePlease provide a brief description of your businessHow long has your business been in operation AND had revenue? Years _______ Months ________Is your business currently profitable?  Yes  NoWhat is the legal entity of your business? Corporation  LLC  Sole proprietorship  OtherDo you have any business partners?  Yes If yes, are your partners willing to sign on the loan?  Yes  No  NoWould you be willing to have loan payments automatically  Yes If yes, what week of the month? ___________deducted from your bank account?  NoHow many employees do you have, not including yourself? Full time ________ Part time __________Do you rent or lease a storefront, office, or storage space for your business?  Yes  NoWhat has your average bank account balance been for the past 4 months? $ __________Do you accept credit cards? Yes  No If yes, how many credit card transactions do you process per month? # ________ If yes, what are your total monthly credit card sales? $________3. REFERENCESPERSONAL REFERENCES Family  Friend  Other Name Phone number Family  Friend  Other Name Phone number Family  Friend  Other Name Phone numberLANDLORD REFERENCESName of home landlord Phone numberName of business landlord Phone numberEMPLOYER REFERENCES (If you have a job in addition to your business)Name of employer Phone numberAddress (street, unit #) City, State, ZIP CodeHow long have you worked there? Years________ Months _______ How many hours per week do you work? _______4. LOAN REQUESTPlease make a list of what you will use your loan for and how it will help your business growITEM AMOUNT REQUESTEDEx. A printer to increase production Ex. $1,0001. $2. $3. $ Total loan amount requested $ What is your preferred monthly payment? $ --NEXT PAGE-- ACCION USA — 115 East 23rd Street, 7th Floor, New York, NY 10010 — Phone 1-866-245-0783 — Fax (212) 387-0494 1/11
  9. 9. 5. APPLICATION QUESTIONNAIRE1. Is your business a start-up that is not yet profitable, are you changing locations, opening a new location or purchasing an existing business?  Yes   No 1a. Can you show documentation for at least 6 months of business revenue?  Yes  NoIf you answered“YES” to #1, 1b. Can you provide a business plan OR a market study and 12 months of projected financials?  Yes  Noplease answer 1c. If your business is not yet profitable, can you provide a source of external income that is fully able to support  Yes  No#1a. through #1c. the loan payments? (If this source of income is spousal income, the spouse must qualify and sign on the loan.)  Yes  No2. Is your credit score 575 or higher? If you do not know or have never had credit in the U.S., select “Don’t Know.”  Don’t know3. If you have any past due bills, does it total more than $3,000? Consider past due bills such as credit cards, medical collections, tax  Yes  No liens, etc.4. Do you own 4 or more properties?  Yes  No5. Do you have a mortgage?  Yes  No 5a. If yes, is your mortgage a fixed rate mortgage?  Yes  No6. Have you declared bankruptcy?  Yes  No 6a. If yes, was your bankruptcy discharged or dismissed more than 12 months ago?  Yes  No7. Have you been in foreclosure in the past 24 months?  Yes  No8. Have you been late on any mortgage, and/or rent payments in the past 12 months, including both home and business?  Yes  No9. Does your business involve real estate investment, multi-level marketing, adult entertainment, or firearms?  Yes  No10. If required, could you provide a cosigner? (Cosigner must not be involved in the business and have an income outside of the  Yes  No  business)6. FINANCIAL SUMMARY BUSINESS INCOME AND EXPENSES PERSONAL INCOME AND EXPENSES ------------ MONTHLY BUSINESS INCOME ---------- ------------ MONTHLY PERSONAL INCOME ---------- Monthly business sales $ Your take home pay from business $ Other business income $ Income from second job after taxes (net) $ TOTAL MONTHLY BUSINESS INCOME $ Additional household/spousal income (net) $ ---------- MONTHLY BUSINESS EXPENSES---------- Social Security income $ Materials and inventory (COGS) $ Disability income $ Marketing, advertising fees, etc. $ Alimony/child support income $ Your take-home pay from business $ Other income (describe ____________) $ Employee salaries $ TOTAL MONTHLY PERSONAL INCOME $ Annual licensing, business fees $ ---------- MONTHLY PERSONAL EXPENSES ---------- Equipment purchase and maintenance $ Utilities - gas, electric, heat, water $ Utilities - gas, electric, heat, water $ Out-of-pocket medical and health expenses $ Insurance - life, health, property $ Insurance - life, health, property $ Telephone/cell/pager $ Telephone/cell/pager $ Auto - Gas, repairs, parking, insurance $ Auto - gas, repairs, insurance $ Rent $ Public transportation $ Taxes $ Rent $ Other $ Other $Total auto/equipment lease monthly payments $ Food/Clothing $ Supplier credit owed monthly $ Education/books/supplies $ Other business credit owed monthly $ Childcare $ Loans from family/friends owed monthly $ Cable TV/entertainment $ TOTAL MONTHLY BUSINESS EXPENSES $ Alimony/child support $ Money sent to relatives $ Total monthly credit card and loan payments $ TOTAL MONTHLY PERSONAL EXPENSES $7. AUTHORIZATION FOR VERIFICATION OF INFORMATION: Please read carefully before signing applicationI attest that, to the best of my knowledge, all information on this application is true and correct. I authorize ACCION USA (AUSA) to obtain consumerand/or commercial credit reports, now or in the future, and to exchange this information about credit experience internally and/or with other creditors, asauthorized by law. I also understand that this Application will serve as the first step of my loan application process with AUSA and authorize AUSA toinvestigate and verify all of the above information and any additional information that may be requested. I also understand that any and all informationprovided to AUSA, including any credit report(s), may be used by AUSA to approve or decline my request and that AUSA will keep this applicationwhether or not I receive a loan. APPLICANT SIGNATURE ______________________________________________ DATE: _____________________ ACCION USA — 115 East 23rd Street, 7th Floor, New York, NY 10010 — Phone 1-866-245-0783 — Fax (212) 387-0494 1/11
  10. 10. SURVIVE & THRIVELEARN HOW TO NAVIGATE YOUR BUSINESS THROUGH THE ECONOMIC DOWNTURN WITH ACCION USA >> Free Online Workshops: Taught in English and Spanish, free one-hour online courses teach credit, cash-flow management, and creative marketing strategies. >> Free Community Workshops: ACCION USA’s experts teach you the best business survival strategies in a slow economy. Available in both English and Spanish. >> Coaching Events: Local experts provide one-on-one counseling on a variety of small business topics. >> Learn Online: Visit www.accionusa.org/financialeducation for “Survive and Thrive” educational materials available for download.Register for upcoming workshops & events at www.accionusa.org/workshops
  11. 11. SOBREVIVA y PROSPEREAPRENDA COMO NAVEGAR SU NEGOCIO EN ESTA RECESIÓN ECONÓMICA CON ACCION USA >> Talleres Gratuitos en Línea: En una hora el taller se centrará en temas como Crédito, Flujo de Caja y Creativas Estrategias de Marketing. >> Talleres Comunitarios Gratuitos: ACCION USA es experta en enseñarle las mejores estrategias para que su negocio prospere en está crisis económica. >> Eventos de Capacitación: Expertos locales proporcionan uno-a-uno el asesoramiento sobre diversos temas para la pequeña empresa. >> Aprenda en línea: Visite nuestro sitio en el internet www.accionusa.org/educacionfinanciera para "sobrevivir y prosperar." Materiales educativos disponibles para su descarga. Regístrese para los próximos talleres yeventos en www.accionusa.org/seminarios
  12. 12. SURVIVE & THRIVELEARN HOW TO NAVIGATE YOUR BUSINESS THROUGH THE ECONOMIC DOWNTURN WITH ACCION USA >> Free Online Workshops: Taught in English and Spanish, free one-hour online courses teach credit, cash-flow management, and creative marketing strategies. >> Free Community Workshops: ACCION USA’s experts teach you the best business survival strategies in a slow economy. Available in both English and Spanish. >> Coaching Events: Local experts provide one-on-one counseling on a variety of small business topics. >> Learn Online: Visit www.accionusa.org/financialeducation for “Survive and Thrive” educational materials available for download.Register for upcoming workshops & events at www.accionusa.org/workshops
  13. 13. Frequently Asked Questions: what makes a strong referral?These “frequently asked questions” sheet gives an in-depth look at the criteria we use toqualify clients. Together with the “loan questionnaire”, this FAQ guide should allow youto see if your clients fit our profile and are considered a strong referral. Save time byreviewing this sheet before referring clients to us. If you have any questions regardingloan criteria, feel free to e-mail one of our loan officers at loans@accionusa.orgCREDIT• ACCION USA does lend to individuals with a Zero FICO Score or business owners with no personal credit.• What’s important is a healthy credit profile including: 1) relatively low balances (not already overextended), 2) healthy percentage of available credit, especially for start up businesses, and 3) open accounts that are current.• Credit issues that will disqualify borrowers: A FICO score below 575 Lateness in the last 12 months on Rent or Mortgage Currently past due on child support. More than $3,000 in unpaid judgments, collections, liens, charge-offs, medical, etc. Bankruptcy within the last 12 months. Property foreclosure within the last 2 years. More than 3 properties Adjustable Rate Mortgages (ARM) adjusting during the term of the loan or Pick- a-Payment or Negative Amortization loansLOAN PURPOSE• ACCION USA makes loans for business purposes. We look for well-defined, detailed loan requests that will help increase business operations and profits. We look for: Detailed list of expenditures, preferably with highest priority first. Contributes to the positive growth of business.• Ineligible purposes include: Down payments on any real estate or closing costs on property. Consolidation of personal credit card debt.CASH FLOW• One of the key components ACCION USA analyzes is the cash flow of a business and household to determine the client’s ability to repay the loan requested.• Our loan officers will work with clients to: ACCION USA – 56 Roland St., Suite 300 Boston, MA 02129 Phone: (866) 245-0783 Fax: (877) 787-2574 www.accionusa.org
  14. 14. Examine sales versus expenses in order to demonstrate capacity to repay loan. Review business and personal bank statements, internal records and/or tax returns. Please note that start-ups must present 12-months of financial projections and a business plan, and have an additional source of income.INDUSTRIES• Ineligible industries: Other Lenders; non-profit organizations (unless they have a source of consistent revenue that is not dependent on grants); adult entertainment or fire arms; real estate related industries such as: Mortgage brokers, Title agencies, apartment management companies; stock market or gambling businesses; Pyramid or Multi- level marketing schemes.• Considered higher-risk industries, but may be considered: General Contractors; Transportation; Manufacturers, Arts; Import/ExportCOSIGNER/GUARANTEE• Co-signers are used to secure a loan. ACCION USA will inform a client if his/her application requires a co-signer.• All CO-SIGNERS MUST: • Complete application and sign loan documents • Be at least 21 years old • Have stable employment with verifiable income • Have solid credit history ACCION USA – 56 Roland St., Suite 300 Boston, MA 02129 Phone: (866) 245-0783 Fax: (877) 787-2574 www.accionusa.org
  15. 15. Top 10 Creative ways to help find Microentrepreneurs in need of Capital Take a look at some of the creative ways that ACCION USA loan consultants find New clients. 1. “I breathe AUSA 24/7. I talk about ACCION USA every time I have an opportunity for example every time I visit my barbershop.” 2. “I even talk about ACCION USA at playground when I am with my children.” 3. Join Social network clubs: “I am a member of couple of online groups that are local. I network about ACCION USA at www.meetup.com.” 4. “I give my business card to taxi drivers.” 5. www.eventbrite.com shows events coming up in your area! Microentrepreneurs are often at some events. 6. “I give my business card out at my favorite neighborhood restaurant where I eat at least once a week.” 7. “I gave my card to a new business owner at a Laundromat around the corner from my apartment – he then gave it to a friend of his… the client called – we’re collecting documents now!” 8. Check out the Church community bulletin board. 9. “I block walked hair salons in Washington heights” 10. “I think our favorite local bakeries, restaurants, gift shops etc. are awesome ways to get clients because most likely they already know who you are and can trust you.”ACCION USA 115 East 23rd Street, 7th Floor, New York, NY 10010 (t) 212-387-0377 (f) 212-387-0277 www.accionusa.org

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