Accion Texas Inc. – the nation’s largest, nonprofit, micro and small business microlender – has received two large gifts from one of its banking partners, Crockett National Bank. The San Angelo-based bank has committed $200,000 through an unrestricted, zero-interest loan to be “forgiven” every year, as well as a $40,000 monetary gift to Accion Texas.
“The bank believes in giving back to the community and we believe in the Accion Texas mission of helping small businesses that are not bankable get the help needed to get started,” said Dahlia B. Garcia, vice president of small business banking at Crockett National Bank. “As these companies grow, they become bankable and they can come back to us to help them with a traditional loan. We truly believe in what (Accion Texas CEO) Janie Barrera has created in Accion.”
Both gifts will help fund general operations for Accion Texas, which has grown from a small, three-person operation in San Antonio in 1994 to an eight-state enterprise with more than 115 employees in 20 offices today. Accion Texas now lends in Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Missouri, Tennessee and Texas.
“We are grateful to Crockett National Bank for its trust and for supporting our operations,” Barrera said. “This gift means that as we grow, we are able to continue to offer the personal, one-on-one services to the entrepreneurs who come to us for help with counseling, mentoring and loans.”
About Accion Texas
Accion Texas Inc.is a nonprofit, multi-state small business microlender that helps new and existing entrepreneurs successfully grow their businesses. Through affordable lending and business development services, Accion Texasis committed to empowering diverse individuals and small businesses that have limited access to traditional sources of capital. Since its founding in San Antonio in 1994, Accion has made more than 14,000 loans totaling more than
$165 million. Accion now operates in eight states: Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Missouri, Tennessee and Texas. To learn more about Accion’s lending options, call 888-215-2373 or visit www.acciontexas.org.
About Crockett National Bank
Crockett National Bank has grown to over $440 million in assets. Crockett is among the best performing banks in Texas, ranking in the top 30 percent of 530 Texas bands as of year-end 2013. It operates offices in San Angelo, San Antonio, New Braunfels, Austin, Georgetown and Ozuna. For more information, visit www.crockettnationalbank.com.