Accion has long been a critical financial and educational resource for entrepreneurs and small business owners, but never has there been a time in recent human history when business owners have needed to know exactly where to go to stay afloat while the country is at a near economic standstill due to coronavirus fears.
Public health and safety is everyone’s priority right now. Here at Accion, we are focused on the small businesses we serve as they work to help their communities. Accion continues our focus on providing entrepreneurs flexible capital and other valuable resources. Our staff is currently working remotely so please contact us by phone or email for local details. Let’s keep that entrepreneurial spirit alive!
Accion is hosting a COVID Response Webinar Series to keep entrepreneurs informed of their options, helpful resources, and best practices during this crisis.
REGISTER FOR UPCOMING WEBINARS
Beware of Scams and Fraud Schemes
With an unprecedented amount of federal funding available through the new CARES Act and other expanded programs, scammers and fraudsters are already taking advantage of the pandemic situation. It’s important to be vigilant and careful so you don’t fall victim to these schemes.
For example, the SBA will never initiate contact to offer a loan or a grant to a small business. If someone contacts you before you’ve ever applied with the SBA, suspect fraud.
In addition, all of the SBA’s loan applications are completely free, so you should never pay an application fee for an SBA loan. Be sure to check the interest rate as published by the SBA, too, because many fraudsters will attempt to add interest to your loan. You can ensure that you’ll avoid these scams if you apply directly with the SBA or through a trusted, SBA-authorized lender.
Learn more about guarding against fraud by visiting the SBA’s Office of the Inspector General.
One of Accion’s national partners, Small Business Majority, provides a daily updated list of resources in English and Spanish to support entrepreneurs’ ability to respond to the COVID-19 crisis in a variety of ways.
Business Financing from Accion
Our staff is working remotely, but we are open for business! Please click here to apply for a small business loan.