What is the ACC Microloan Program?
Our Microloan Program is available to all Arkansas entrepreneurs and small businesses. The program is designed to reach, and support small businesses who may be overlooked by traditional lenders.
We help those business owners create new opportunities by providing loans and technical assistance to their small businesses which may not meet the requirements for traditional bank
financing.
*There is no obligation or commitment involved. An ACC representative will contact you to determine if the program is suitable for you.
How can our Microloan Program help you?
ACC Microloan Program Highlights:
- Loan amounts: $5,000 – $50,000
- Up to 5-year terms
- Fully amortized loans (No balloon payments)
- Competitive market-based rates
- No prepayment penalties
- Easy online application (assistance available)
- Collateral requirements based on use of loan
- We can help you determine your true funding needs
Microloan Uses:
- Startup costs
- New or used equipment
- Advertising
- Working capital
- Fees and permits
- Inventory
