Small Business Micro Loans
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Dream it.
Affordable Financing: We understand the financial challenges faced by small business owners. That's why our micro loans come with competitive interest rates and minimum fees, ensuring that you have access to affordable financing options.
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Build it.
Flexibility: We believe in providing you with the flexibility you need to succeed. Our repayment terms are free of hidden fees and are designed to accommodate your business's cash flow, making it easier for you to manage your finances and grow your venture.
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Grow it.
Ongoing Business Support: ACEDONE is not just a lender; we are your partner in business. Our dedicated team is committed to your success and will provide you with ongoing support and technical assistance to help you navigate challenges and seize business opportunities.
FAQs
We understand that every small business is unique. That's why our micro-loans are designed to meet the specific needs of different entrepreneurs, whether you're a woman entrepreneur, a member of the East African immigrant community, or someone who prefers Islamic finance
How do I qualify for ACEDONE's Small Business Micro Loans?
To qualify for our micro-loans, you need to meet certain criteria. These include being a small business owner, demonstrating a viable business plan, providing relevant financial documentation, and meeting our credit requirements. Our goal is to make our loans accessible to as many entrepreneurs as possible, so we strive to have a flexible and inclusive qualification process.
What is the maximum loan amount available through ACEDONE's Small Business Micro Loans?
The maximum loan amount available through our Small Business Micro Loans program is $50,000. However, the specific loan amount you qualify for depends on various factors, such as your business's financials, creditworthiness, and the purpose of the loan. Our team will work closely with you to determine the loan amount that best suits your needs and circumstances.
How long does the loan approval process take?
We understand that time is of the essence when it comes to accessing funds for your business. At ACEDONE, we strive to provide a streamlined and efficient loan approval process. Once you have submitted your application with all the required documentation, our team will review it promptly. The exact timeframe for approval may vary based on the complexity of your application, but we aim to provide you with a decision within 30 days. Rest assured, we work diligently to ensure a timely process.
What can I use the Small Business Micro Loan funds for?
The funds obtained through ACEDONE's Small Business Micro Loans Program can be used for various business purposes. Whether you need to purchase equipment, expand your inventory, launch a marketing campaign, or invest in new technologies, our micro-loans can support your growth. However, it is important to note that the loan funds must be utilized for legitimate business purposes as outlined in the loan agreement.