plura Financial and ACCION Chicago Partner to Boost Small Business Loans in the Community

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plura and ACCION bring financing options to small business owners and entrepreneurs.

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plura is an efficient, free way for businesses owners to find the best loan terms available.Our partnership with ACCION Chicago offers small businesses a quintessential tool needed to succeed. And what’s good for small business is good for everyone.

plura Financial Solutions, an online business-loan matchmaker, announced today that it has partnered with ACCION Chicago, an alternative lending organization dedicated to providing microfinancing (loans less than $25,000) to small business owners. plura connects small businesses seeking competitive financing with a network of banks nationwide, at no cost to the borrower. Through ACCION Chicago, plura now has a microfinance solution for small businesses ineligible for traditional loans.

This collaboration allows ACCION Chicago’s qualified businesses the opportunity to utilize plura’s automated platform to secure the best possible financing for requests above $50,000. Conversely, plura’s less qualified loan seekers now can receive, through ACCION Chicago, unconventional financing for microloans.

“Small businesses are having a hard time finding loans, and certainly don’t have the time to shop around and find the best available terms. plura is an efficient, free way for businesses owners to find the best loan terms available,” said plura Co-Founder and CEO, Brandon Hinkle. “Our partnership with ACCION Chicago offers small businesses a quintessential tool needed to succeed. And what’s good for small business is good for everyone.”

“ACCION is excited to partner with plura and extend our network of small business support,” said Jonathan Brereton, Chief Executive Lending Officer at ACCION. “The more easily entrepreneurs can find the right financing for their business, the more quickly they can add jobs and grow.”

About plura Financial Solutions
plura Financial Solutions, a Chicago-based online business-loan matchmaker, connects small businesses seeking capital with a network of targeted lenders, creating an efficient and competitive financing process. plura’s automated platform sends incoming commercial loan applications to a targeted network of lenders, who then submit non-binding proposals and the borrower selects the lender proposal they like best. plura is 100% free for borrowers, and also acts as a ubiquitous virtual loan originator for lenders, helping banks grow efficiently by finding qualified business-loan leads. For more information visit http://www.plurafinancial.com.

About ACCION Chicago
ACCION Chicago (http://www.accionchicago.org) is a nonprofit alternative lending organization dedicated to providing credit and other business services to small business owners who do not have access to traditional sources of financing. By encouraging the economic self-reliance of microentrepreneurs throughout the Chicagoland area, ACCION Chicago strives to help businesses and communities grow. Since 1994 ACCION Chicago has disbursed more than $17 million to over 2,300 clients. In 2010 alone, ACCION loans created or maintained nearly 700 jobs. ACCION Chicago business loans range from $500-$25,000. ACCION Chicago is part of the ACCION U.S. Network, the largest microfinance network in the U.S., whose members have collectively lent $305 million to small business owners since inception in 1991.

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