Accompany Capital is a New York-based CDFI providing affordable small business loans, financial training, and capacity-building services to underserved entrepreneurs, refugees, and women business owners for over 20 years.
Editorially reviewed by Harvey Brooks
Accompany Capital is a mission-driven lending organization headquartered in Manhattan with a second office in Queens that has spent over two decades serving New York's underserved entrepreneurial communities. The organization was founded with a specific focus on supporting new Americans, refugees with legal status, and women entrepreneurs who face barriers to traditional financing and business support. Their deep expertise in serving immigrant and refugee populations reflects a commitment to understanding the unique challenges these groups face when starting businesses in a new country while navigating credit systems and regulatory requirements.
Accompany Capital offers a range of integrated financial and non-financial services. Their core product is affordable small business loans with quick approval processes, manageable terms, and no hidden fees. Beyond lending, they provide comprehensive workshops and training in business management, financial literacy, credit building, marketing, and technology. For eligible clients, they offer a HomeFirst Down Payment Assistance Program to support first-time homeownership. Their service model emphasizes hands-on partnership and personalized guidance rather than transactional lending alone.
What distinguishes Accompany Capital is their explicit focus on underserved populations combined with 20+ years of specialized experience. They don't simply offer loans; they position themselves as partners in their clients' entrepreneurial journeys, providing education and training alongside capital. Their organization actively seeks funding partners, works with government and nonprofit organizations, and accepts donations to sustain their mission. They publish impact metrics and success stories, and recently launched the Leonid Ostrovsky Lending Fellowship to develop emerging talent in the lending space.
As a mission-driven CDFI rather than a commercial lender, Accompany Capital's primary limitation is geographic scope—they serve only the New York area. Their loan products appear designed for micro and small businesses rather than larger enterprises. While their website emphasizes affordability and quick approval, specific APR ranges, loan amounts, and repayment terms are not disclosed publicly, requiring applicants to contact the organization directly for detailed product information.
Yes. Accompany Capital is a registered company headquartered in New York, NY. They hold a NR rating with the Better Business Bureau.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
Accompany Capital is best for New York-based immigrant, refugee, and women entrepreneurs seeking affordable small business loans paired with comprehensive business training and financial education in a culturally competent environment. The primary caveat is strict geographic limitation to the New York area and lack of publicly disclosed loan terms, requiring direct application to understand specific APR, loan amounts, and eligibility criteria.
Public data from the Consumer Financial Protection Bureau
Source: consumerfinance.gov | Last checked 2026-04-01
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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