Accompany Capital creates a pathway to self-sufficiency for immigrant and refugee entrepreneurs in New York City by providing access to affordable credit, empowering with financial education, and offering training in best business practices and technology.
At Accompany Capital, we believe in the energy, productivity and impact contributed by entrepreneurs who have come to New York to launch new lives and new businesses. For more than 20 years, we have provided strategic financial and capacity-building services developed with a focus on the needs of immigrants and refugees. We understand the challenges involved in starting and running a business, establishing credit, and navigating through rules and regulations, while learning to adapt to a new country and culture. We work individually with each client, in their own language whenever possible, providing them with not only with the capital they need, but also the caring support and guidance that have become synonymous with who we are.
At Accompany Capital, we value the trust our clients place in us as we support – and join them – on their financial journeys. Here are the principles at the core of what we do every day, to help us earn, and keep that trust.
Clients First – We are passionately committed to each individual client’s success: our financial and support services were developed – and evolve – to best benefit the needs of immigrants, refugees, and clients.
Equal Opportunity – We believe that every American, no matter where they’re from, deserves an opportunity to achieve financial self-sufficiency through equal access to capital, financial education, and services.
Inclusivity – We welcome, understand, and support clients from all cultures, languages and backgrounds because we ourselves bring a wealth of diverse cultures, experiences, and perspectives.
Integrity – We hold ourselves to the highest professional and ethical standards and value the trust we’ve earned from clients, partners, colleagues, and funders.
Relevancy – We constantly seek and develop new creative solutions for our clients’ evolving needs, fine-tuning of our services and processes by implementing new approaches, best practices, and new technology.
Accompany Capital is about people. Many of us were born in foreign countries ourselves so we understand the challenges that many of our clients face. We speak 14 different languages and dialects which allows us give our clients the personal, one-on-one counseling and support they deserve, as well as access to the resources they need to succeed and thrive.
Founded in 1997 as the Business Center for New Americans, Accompany Capital was originally part of the New York Association for New Americans, an organization created in 1949 to resettle World War II refugees.
NYANA, which was the largest refugee and immigrant services agency in the U.S., assisting more than 500,000 immigrants from 145 countries achieve economic self-sufficiency and social integration, closed in 2009, after resettling the last of the WWII refugees. But BCNA – which was created with a grant from the American Express Foundation to provide advice to refugees who were interested in starting a business – continued and has grown steadily over the years.
In our first year of operation, we made three loans, totaling $30,000 dollars. As of June 2020, we have now made 3,691 loans, totaling more than $27.3 million dollars and over 1,700 refugees have participated in our Individual Development Account (IDA) Program, investing more than $24 million dollars from savings, matching funds and loans for education, home ownership and small businesses.
From inception we offered important financial literacy workshops to our clients but in 2007 we expanded our offerings to include workshops in business skills and marketing, including via new digital and smartphone platforms and technologies.
In 2012, we added a second office in Jackson Heights, to serve the thriving small business community in Queens and we have more than doubled our staff to expand our ability to serve clients in every borough.
And in 2020 we became Accompany Capital to reflect our promise to our clients: that we not only provide capital for starting and growing small businesses, we are with them every step of the way on their financial journey.