We’re here to help. Wherever you are on your journey, whatever your financing needs, we will walk you through the process and help you find an affordable solution that gives you the working capital you need to achieve your goals.
We know that having the right financing can be critical to your success as a small business owner. Whether you need a microloan, a small business loan, a credit-building loan, or a revolving line of credit, our multi-lingual loan officers are always available to help you understand your options. To learn more about our different loans, their terms, and their requirements, please see below.
A good credit score can save you more than $200,000 over the course of your lifetime. We can help you establish or improve your credit rating with a credit enhancement loan of up to $2,000. We also offer free workshops on how to improve your credit score, understand your credit report, and find and correct any errors your credit report may contain.
“I was shocked to discover that my credit report listed over $30,000 in debts that were not mine! Accompany Capital’s staff helped me correct the error, enrolled me in classes on how to improve my credit score, and provided one-on-one review of my credit report. I can now sleep better at night!”
Access to even small amounts of working capital can help businesses – and lives – move forward in significant and lasting ways. We can provide you with financing to help you get started, help you expand, or help you refinance an existing loan, with microloans ranging from $500 to $50,000, and terms of up to three years.
While we do not require a minimum required credit score, if there is a pattern of non-repayment of other debts, or the borrower does not demonstrate willingness to repay, the loan will not be approved.
Borrowers have from 6 months to 3 years to repay loans.
We offer a pilot program for loans up to $75,000. Ask if you are eligible.
Apply now by completing our quick and easy online application form. If you have any questions, call a staff member below for help.
“With a loan from Accompany Capital, our dream of opening a dessert shop became a reality.”
As a Community Advantage lender, we can help you take your business to the next level with an SBA-guaranteed small business loan. These loans range from $75,000 to $250,000 and are available to any qualifying small business in Queens and Staten Island, and to qualifying immigrant, refugee or women-owned businesses in Brooklyn, Manhattan, and the Bronx.
Accompany Capital & SBA want to see that your business is well-run, you have the ability to pay back the loan, and that loan proceeds will be used constructively to grow your business.
In addition to the application form, you will be asked to complete other SBA forms, provide copies of records & supporting materials. The following is a list of documents that typically accompany an SBA application package:
To secure the loan, personal guarantees and collateral are required. However, not having enough collateral does not necessarily mean that your loan will not be approved.
To learn more about the loan process, review eligibility requirements, and learn if the Community Advantage loan is right for you and your business, please contact: Juan Gonzalez 212-898-4167 or 845 241 3691
“My loan officer walked me through the loan process from start to finish. I would recommend them to anyone looking for a loan. I look forward to continuing to work with them.”
Accompany Capital is proud to be a signatory of the Small Business Borrowers’ Bill of Rights, guidelines set by The Responsible Business Lending Coalition. These guidelines mirror our own commitment to responsible credit culture and equal access to small business funding for all.
You have a right to see the cost and terms of any financing being offered in writing and in a form that is clear, complete, and easy to compare with other options, so that you can make the best decision for your business. In order to protect your Right to Transparent Pricing and Terms, lenders and brokers must:
You have a right to loan products that will not trap you in an expensive cycle of re-borrowing. Lenders’ profitability should come from your success not from your failure to repay the loan according to its original terms. In order to protect your Right to Non-Abusive Products, lenders must:
You have a right to work with lenders who will set you up for success, not failure. High loss rates should not be accepted by lenders simply as a cost of business to be passed on to you in the form of high rates or fees. In order to protect your Right to Responsible Underwriting, lenders must:
You have a right to transparency, honesty, and impartiality in all of your interactions with brokers. In order to protect your Right to Fair Treatment from Brokers, brokers must offer:
You have a right to fair and equal treatment when seeking a loan. In order to protect your Right to Inclusive Credit Access, lenders and brokers must:
You have a right to be treated fairly and respectfully throughout a collections process. Collections on defaulted loans should not be used by lenders as a primary source of repayment. In order to protect your Right to Fair Collections Practices, lenders must:
The term “loan” and related terms used here such as “lending” are intended to be interpreted in the broadest sense possible so as to include loans, lines of credit, merchant cash advances, and similar products offered and provided to U.S. small businesses, whether or not such credit products are characterized legally or otherwise as loans. Similarly, the terms “lender” and “borrower” are intended to be interpreted in the broadest sense possible so as to include, in the case of lenders, credit marketplaces that facilitate loans on behalf of lenders, cash advance providers, and all manner of persons providing loans to U.S. small businesses or evaluating the creditworthiness of such small businesses in connection with providing a loan, and, in the case of borrowers, all U.S. small businesses who seek or obtain a loan.
*APR (annual percentage rate) is the annual rate that is charged for borrowing, expressed as a single percentage number. It includes fees as well as interest rate, and represents the actual yearly cost of funds.
**While it may be appropriate to charge a reasonable service fee for loan modifications that clearly help the borrower, it is not acceptable to effectively double-charge the borrower while refinancing or renewing by assessing the predominant financing charge, such as a 20% factor rate, on a borrower’s outstanding principal, which they have already paid for.
***While recognizing that some situations may require more time to resolve, a lender will be expected to research and resolve a complaint in less than three weeks.