How can my company find offers without affecting my credit score?

In order to find offers for your business, we verify that you meet our initial credit criteria by asking you questions about your business, income and debts. We also ask you to authorize us to conduct a soft credit inquiry with a nationwide credit reporting agency, such as Experian. A soft inquiry does not affect your credit score.

What happens after my company receives an offer?

If you receive an offer and continue with the process, we will ask you for additional information. You can view an offer and still not receive final credit approval. To receive final approval of your application, you will need to upload the documentation we request and provide additional information. We will then make a “hard inquiry” to the credit bureau, such as Experian. This will show up as a hard inquiry on your credit profile and may affect your credit score with the credit bureaus. We will also request information from alternative data sources, which could affect the score that any of these alternative sources have.

How do I receive offers from other lenders?

In order to receive offers from lenders in addition to Accion Opportunity Fund offers, we collect credit information: (1) directly from you through the inquiries we make; and (2) with a soft credit inquiry about you with a credit reporting agency, such as Experian. When we collect your credit information and send it to participating lenders, we act at your request as an intermediary to obtain offers of credit. We do not verify the credit information we receive from the credit reporting agency before submitting it on your behalf.