Tuesday, November 26, 2013
The Holiday Instant Loan features same-day approval on business loans up to $5,000 and is perfect for business owners who are seeking to purchase holiday inventory, hire seasonal employees or run holiday specials. By streamlining the entire loan underwriting process for loans up to $5,000, Accion will ensure that clients have ample capital to prepare their businesses for the holidays. Upon completion of the online application, you will receive a decision by the end of the same business day, with funds being disbursed once all loan documents are submitted. This special ends Dec. 13th.
Accion is also committed to assisting veterans who own a business or are considering entrepreneurship. San Diego County is home to approximately 95,000 active military personnel and over 240,000 veterans. It is also the number one destination in the country for newly returning service members, many of whom experience difficulty securing employment as they transition back into civilian life.
Our small business loans for veterans give special considerations to applicants and is available to active duty members of all branches, veterans and military spouses, and may be used for both start-ups and established businesses. Furthermore, Accion offers free small business trainings for veterans on a variety of topics. We are proud to serve our country’s heroes and remain committed to helping them achieve their entrepreneurial dreams.
If you or someone you know is interested in applying for our Holiday Instant Loan or our Veteran’s Loan please visit www.accionsandiego.org or call (619) 795-7250.
Join the movement! Be sure to mark November 30th on your calendar and support your local mom and pop shop! Where are YOU planning to #ShopSmall this year? If you need ideas, make sure to check out the Accion Client Directory.
After you’re done shopping over the Thanksgiving weekend, make sure to give back on #GivingTuesday. On Tuesday December 3, global charities, families, businesses, students and more will come together to create #GivingTuesday.
It’s a simple idea. Just find a way for your family, your community, your company or your organization to come together to give something back. Donate time, money or whatever else you have, and then tell everyone you can about how you are giving using the hashtag #GivingTuesday. Be a part of a national celebration of our great tradition of generosity. You can even consider a gift to Accion and support our work of empowering entrepreneurs.
Thursday, October 31, 2013
Jeremy LeBlanc and Chad Berkey, founders of Tin Play, were bartenders when they came to the conclusion that there needed to be an all-in-one bartending tool that helped them mix drinks more quickly, while producing less waste. Over four years of development, the duo perfected their prototype and were ready to launch, only to realize that the creation of an entirely new product line required a major infusion of capital.
Having already exhausted the funding they invested from their personal bank accounts and from relatives and friends, Jeremy and Chad attended one of Accion’s small business workshops to learn about the various small business financing options available to them. Learning that traditional lenders are often hesitant to offer financing to startups, they found Accion’s flexible loan requirements to be a good fit for their business and took out a $25,000 loan from Accion. “Accion got the concept. Our loan officer was very friendly and made it feel easy,” shared Jeremy.
Once the funding was secured and the stainless steel prototypes had been perfected, Chad and Jeremy produced an initial inventory run of the “Tin Play Well Kit” comprised of their Precision Pour Flair Tins, Cheater Tin and their Ultimate 4-in-1 Muddle. When used in lieu of the many bar implements that are available to bartenders, the waste and time to prepare beverages is reduced dramatically. Furthermore, Tin Play allows even amateur bartenders to perform entertaining maneuvers such as the five drink waterfall that only veterans could accomplish otherwise.
Thursday, September 26, 2013
--Grant is the single largest financial contribution made to the organization to date—
Accion San Diego, a nonprofit microlender offering business loans from $300 to $50,000, was awarded a $747,000 grant on Sept. 24, from the Department of Treasury’s Community Development Financial Institutions Fund (CDFI). The CDFI fund uses federal resources to invest in local non-profits in order to serve low-income people and communities that lack access to affordable financial products and services.
This is the largest CDFI Fund grant that the organization has ever received, having been awarded $600,000 for the past two years in a row. It is also the single largest financial contribution received in the organization’s 19-year history.
Friday, August 30, 2013
If you’re a small business owner, one of the easiest methods of accepting payments today is through a smartphone credit card reader. Although originally popular for those with a pop-up business or food truck, use of these devices is becoming increasingly ubiquitous in small businesses of all types.
While Square was the first on the market and now accounts for over $8 billion in transactions nationwide, a sea of contenders are now available, each powered through the audio jack of your phone or tablet. Major banks, such as Bank of America and Chase, have also come onto the scene, adopting the simpler fee structures of their competitors.
Card readers allow for fast and secure payments on the fly, but not all readers are alike. Although each reader is free to order, all have slightly different terms and fee structures, so it is up to each small business owner to decide which is most appropriate for their needs.
Slightly larger than a quarter in size, Square offers a user friendly interface with two fee structures. For most, the 2.75% per swipe fee is best, whereas high-volume businesses may take advantage of the $275 flat monthly fee, as long as item prices are under $400. Transactions are deposited into your bank account each evening. Though its per swipe fee is slightly higher than its competitors, Square offers an advanced “Square Register” system and marketing opportunities for its clients. Also, for high-volume businesses, its monthly flat fee can’t be beat.