ACCION Texas acciontexas

1. ACCION Texaswww.acciontexas.org Lending. Supporting. Inspiring. Shirley Brooks Senior Loan Officer sbrooks@acciontexas.org

2. ACCION TexasMission The mission of ACCION Texas is to provide credit to small businesses that do not have access to loans from commercial sources. Through its loans and services, ACCION Texas helps microentrepreneurs strengthen their businesses, stabilize and increasetheir incomes, create additional employment and contribute to the economic revitalization of their communities.

3. ACCION TexasNow ACCION Texas has: • +1,500 active clients • $77,794,501disbursed (since ’94) • 9,549 loans (since ’94) Petra Rosales Owner, Porcelain Dolls By Petra and Jorge

4. ACCION TexasOffices San Antonio, March 1994 McAllen, March 1998 Houston, September 1998 Dallas/Fort Worth, January 1999 Brownsville, May 1999 Austin, May 1999 El Paso, August 1999 Corpus Christi, August 2004 Laredo, September 2005

5. Who we help • We help the small businesses that fall just beneath bank guidelines. • Credit Score issues • Start ups and Existing businesses • ACCION Texas works fast. The loan decision and disbursement process takes between 4-8 days after the loan interview and customer has returned all required information.

6. ACCION Texas – Products • Loans - $500 to $50,000 • Pronto ACCION Loan – Unsecured loan up to $5000 for those with stronger credit and capacity • ACCION Loan Officer OK Loans – Loan officer approves loans up to $1000 for businesses that meet ACCION criteria – check in 24-48 hours • Tandem Loans– ACCION Texas can work with banks to offer additional working capital • Interest Rates – Based on risk

7. ACCION TexasExamples • $10,000 loan to a taxi-cab driver for a new cab - Collateral was the vehicle to be purchased • $50,000 loan to a dentist for business equipment - Collateral was a rental property • $25,000 loan to a bakery/restaurant for completing the purchase of the business - Collateral was personal vehicles along with a blanket lien on current and to be purchased equipment • $5,000 loan to a florist for walk-in cooler - Collateral was the business equipment

8. ACCION Texas Partnerships • Banks– refer clients they cannot help – also get community reinvestment credit for working with ACCION • FDIC– sponsor events around the state to introduce ACCION Texas to bankers, businesses, prospective clients • SBA– provide loan funds to ACCION, and client referrals • SBDC – provide assistance to small business and then refer to ACCION Texas for funding • SCORE– Business plans, technical assistance • Chambers of Commerce– business focus. ACCION can help • Loan Partners– actively participate in the loan process to include application, document collection, collateral inspection, closing.

9. ACCION TexasLoan Criteria • Character • Credit history of applicant • Financial ability to repay • Commitment and motivation to improve your business • Commitment and motivation to improve your credit • Payment history with other creditors, landlords, suppliers, etc. • Collateral

10. How to apply for a loan • Fill out application – available today or apply online at www.acciontexas.org Click “get a loan” • Provide picture ID – Driver’s license preferred • We perform automated review of application • Give client feedback on maximum loan amount and required documents • Process the loan in San Antonio • Close the loan along with check

11. ACCION TexasPhilosophy Credit, a word which comes from the Latin verb “to believe,” is what ACCION is all about. Giving people credit for who they are and seeing collateral in a person’s character. Believing that people can succeed, and giving them the tools they need to do so. Moises Reyna Owner, Tienda La Reyna

12. Contact Information http://www.acciontexas.org info@acciontexas