Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Accompany Capital business loans review

These generous microloans with low rates are made with immigrant-run businesses in mind.

Bottom line: This community lender offers microloans with the lowest rates out there without credit requirements.

No reviews yet. Write a review

Details

Min. Amount$500
Max. Amount$50,000
Loan Term6 to 36 months
Min. Credit Score350
APR3%

Pros

  • Rates fixed at 3%
  • No application or closing fees
  • No minimum credit score
  • No fixed revenue requirements

Cons

  • Might require a guarantor
  • Borrowers must be 21 years old
  • Outdated information about costs on loan application

Accompany Capital business loan rates, fees and terms

All Accompany Capital microloans come with rates fixed at 3% APR — with no application fees, origination fees or prepayment penalties. Loan terms run from 6 to 36 months. And you can borrow between $500 and $50,000. Use our calculator to see how much an Accompany Loan might cost your business each month.

Business loan calculator

See how much you'll pay

Your loan
Loan amount
$
Loan terms (in years)
Interest rate
$%

Fill out the form and click on “Calculate” to see your
estimated monthly payment.

or

Compare business loans now

Based on your loan terms…

You can expect to pay back
$
per month

This breaks down to…

$
in
principaland
$
in
interest
charged, with a total cost of $Compare business loans now

Accompany also has a pilot program offering loans up to $75,000, though it's unclear if the same rates and terms apply. If you need more than that amount, you can apply for a government-backed SBA loan through Accompany Capital. But rates and fees are higher for this product.

Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Great for SBA loan applicants.

How Accompany Capital compares to other lenders

Here's how Accompany Capital stacks up to other business financing options without hard credit or time in business requirements.

★★★★★


Finder Rating: 4.75 / 5

Check eligibility

Loan amount

$500 to $5,000,000

APR

Starting at 6%

Loan term

12 to 300 months

Requirements

Operate business in US or Canada, have a business bank account, 560+ personal credit score

Accompany Capital reviews and complaints

Accompany Capital doesn't have any reviews or complaints on sites like Trustpilot or the Better Business Bureau. This is common for lenders that serve a small community, like Accompany Capital.

To get an idea of the kind of service to expect, ask other business owners in your community to see if anyone has used this lender. Or, talk to a local business development center and ask about this lender.

Compare more business loans

Name Product Filter Values Loan amount APR Requirements

Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★

Fora Financial business loans
$5,000 – $500,000
Varies
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.

National Funding business loans
Finder Rating: 4.75 / 5: ★★★★★

National Funding business loans
$5,000 – $500,000
4% to 8%
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
$1,000 – $150,000
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
loading

Compare up to 4 providers

How to qualify

You and your business must meet the following minimum requirements to qualify for a microloan.

  • Located in one of New York City's five boroughs
  • Over 21 years old
  • Positive cash flow
  • No bankruptcies in past 24 months
  • Current on all required licenses to operate

How the application works

Accompany Capital accepts applications online, over the phone and in person at one of its offices. You can apply online by filling out a brief form about your business on the website. After you submit your form, a loan officer should contact you to complete the application.

Accompany Capital doesn't state how long it takes to receive your funds. But you can usually expect it to take a few weeks for a lender of this size. It also doesn't state how repayments work, but typically nonprofits ask for repayment once a month.

What sets it apart

Accompany Capital's 3% APR is lower than what you'll find with most business lenders — including big banks. Its lack of credit score and revenue requirements also open it up to immigrants and small operations that are difficult to fund. And it's one of the few nonprofit microlenders that also allows you to apply online. Most require in-person or phone applications.

Compare more loan options with our guide to funding a startup or our top business loan picks of the year.

Review by


Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Previously known as the Business Center for New Americans, Accompany Capital specializes in financing and building credit profiles for recent immigrants in the New York City area. There are no credit requirements for its microloan program, and all loans come with a fixed rate of 3%. Its maximum loan amount is also five times higher than what you’d find with similar lenders like Kiva.

But you can’t use these funds to get your business off the ground. While there’s no time in business requirement, your business must have positive cashflow. And in some cases, you might need to bring on a guarantor.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site