Bank investment helps connect small businesses with financial and educational resources
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“Accion specializes in lending to early-stage businesses, and it has proven that the right combination of personalized advice and capital can produce outstanding results,” said
The partnership highlights Fifth Third’s focus on championing entrepreneurship and strengthening ties within its communities by providing capital to support a loan pool fund. This builds upon Fifth Third Bank’s five-year,
“Small businesses create two out of every three jobs in
Since 1991, Accion has disbursed nearly
To keep up with his business growth in the
“Working with Accion was immensely helpful,” Beall said. “They knew exactly what we needed and it was gratifying to work with an organization that understood where we were coming from as a small business.”
Fifth Third’s investment in the Accion
- Educating small business owners on cash flow and credit before they apply for a loan.
- Providing capital to small business owners to start or grow their businesses. Accion in the
U.S.provides affordable and transparently priced loans ranging from $300to $1,000,000, depending on the business owner’s location and individual capital needs.
- Providing small business owners, including Accion loan applicants and recipients as well as the broader small business community, with coaching they need to be successful. Accion offers workshops, classes and webinars on topics such as credit repair, financial management and building a better business plan are all part of Accion’s service offering.
In a 2016
About Fifth Third
About Accion in the
A nationwide lender with deep community roots, Accion in the