Acelera Financial offers loans to small minority owners

LOS ANGELES, Sept. 10, 2021 (GLOBE NEWSWIRE) – As small businesses reopen amid pandemic mitigation, small business lender is giving independent trucking companies a boost to help them succeed and keep the United States moving.

“Trucking companies are essential in bringing our country back to normal,” says Eric Sarabia, co-founder and CEO of Acelera Financial Corp. (“Acelera”). Recently recognized by the US Treasury Department as a community development financial institution serving underserved Latin American and Black communities, Acelera offers small business loans of up to $ 250,000.

“Our mission is to promote community development and job creation by meeting the credit needs of small businesses owned and operated by Latinx and African Americans located or operating in low and moderate income neighborhoods,” says Mr. Sarabia.

This commitment earned Acelera a designation from the federal government as a community development financial institution. “We are very proud of the US Treasury Department’s CDFI certification,” says Sarabia. “We are a company committed to serving those who have traditionally been excluded from critical debt markets. This certification is recognition of the work we have done, and it has also proven to be essential during the COVID-19 pandemic.

The company received the good news from the Treasury Department in the midst of the pandemic as Acelera, like many U.S. companies, struggled but managed to continue operating during the coronavirus crisis. “We are a company run by entrepreneurs and professionals with immigrant and minority backgrounds who come from the communities we serve,” says Andres Rosillo, serial entrepreneur and co-founder of Acelera. “We understand the needs of underserved, hard-working entrepreneurs. We know how difficult it is to work during shutdowns; we also know what it takes to successfully reopen doors to the American public.”

During the pandemic, the lender created, screened or processed over $ 15 million in small business loans, often working with city and county governments to ensure that small businesses had access to local, state and local relief funds. federal.

Now Acelera wants to help Latino and African American freight truck drivers become owner-operators by providing the funding needed to buy their own trucks and start their own trucking businesses in an industry that has thrived during COVID and is expected to grow. even more with the relaxation of protocols in the event of a pandemic. “Truckers have made it possible for America to move when it needs it most,” says Melvin Rubio, co-founder of Acelera. “They will play an even bigger role in the recovery.”

Although currently focused on the transportation industry, Acelera offers a range of loan products and services to various businesses. In addition to truck loans, the company offers business loans for working capital, equipment purchases and refinancing of existing debt. The company also provides technical assistance to small business owners, including accounting and bookkeeping, profit optimization, and entity formation.

For more information, contact the company at info@acelerafinancial.com or consult www.AceleraFinancial.com.

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