- Who We Lend To -

Acelera Financial provides affordable capital to deserving businesses and entrepreneurs that might not be able to access traditional banking institutions.

- See If I Qualify -

The capital that your business needs might be more available than you might think. Streamlined underwriting and qualification processes to efficiently serve the minority business community. Complete the following steps and allow us to show you what we can do for you.

- Programs & Mentoring -

As part of our commitment to accelerate minority business growth we provide access to proven tools and resources that will help you achieve your goals.  

- Frequently Asked Questions -

We offer loans up to $1,000,000. The amount your small business qualifies for depends on various factors including but not limited to:

  • Use of proceeds

  • capacity to repay

  • credit history

  • available collateral

  • owners equity

Our approval time is usually between 3-5 business days after receiving a complete application package. Once approval conditions have been met, we typically deposit funds into your business account within 3 business days.

Most loans require:

  • 2 years of business tax returns

  • 2 years of personal tax returns

  • Year-to-date profit and loss and balance sheet

  • business debt schedule

  • personal financial statement

Applicants must demonstrate a history of honoring commitments and paying back creditors as well as prudent use of credit.

It will vary on the program.

What would be considered collateral?

Business assets will be taken as collateral. Real estate belonging to the owners of the business may be used as collateral as well.

Fees are loan specific and are discussed in further detail in the loan package.

You need to contribute a minimum of 30% of the total cost to start your business (not the loan request). I.E., if it takes $100,000 to start your business, you will be required to contribute $30,000 (30%) of your own cash and you will request a loan of $70,000.

We currently do not have loan programs to finance 100% of a start-up business. Please ask your loan officer for details since program requirements can change from time to time.

Retail businesses need to identify their location because the site is a factor in start-up costs, tenant improvements and projections. Often you can talk to the landlord and let them know you are interested in their location to see if they will hold it for you. You won’t want to sign a lease until your loan is approved, but you will want to identify your proposed site in the business plan and gear your expenses and projections towards that location. You will also need to request a Letter of Intent (LOI) from the landlord indicating that the landlord is open to having your business in that space.