Small business micro-loans from $250 to $2,500 up to 24 months with 6%-8% interest.
No application fees, no penalties for paying your loan off early, no hidden fees or misleading interest rates.
Acorn is a new venture in Canada that is looking to support Canadian Small businesses. Backed by Senior Executives in the Canadian Banking industry, members of the Accredited Investor Community, and experienced Small Business Entrepreneurs, Acorn was created to address a gap they identified in credit solutions for small businesses that weren’t being met by traditional financial providers.
What makes Acorn different is both the size of the loans it makes available (typically under $1500), the interest rates it offers (currently 8% or less), and the flexible repayment plans it develops with its borrowers to ensure that the loan is supporting the health and growth of the company rather than putting unreasonable and untenable pressure on the company.
Acorn returns 50% of the loan interest to its funding partners and retains the other 50% to support its administration and capital requirements.
Acorn is committed to helping Canadian small businesses thrive. We help companies put down roots in their community and contribute to creating jobs and opportunities for all Canadians.