You’ve probably heard of the U.S. Army’s mantra “Army Strong.” Military branding is famous for consistency and success. Your small business can really benefit from marketing tactics used by the Army. Keep reading to find out how you can make your business strong.

You’ve probably heard of the U.S. Army’s mantra “Army Strong.” Military branding is famous for consistency and success. Your small business can really benefit from marketing tactics used by the Army. Keep reading to find out how you can make your business strong.

 

Nearly ten percent of businesses in the United States are owned by veterans. All of these veterans took valuable skills and attitudes from their military service into a journey of starting their own businesses.

The U.S. Army teaches service members skills that are essential to successfully running a small business: leadership, teamwork, perseverance, resourcefulness, and a variety of concrete industry skills.

Some of these traits are what Don McPeck of Mess Hall Canteen brought to the table – or rather, to the food truck – when he opened his mobile food business themed around the military. Previously, we wrote a success story about how Opportunity Fund helped Don realize his entrepreneurial dreams.

We asked Don about how he used his military experience in running his business and how other small business owners can use the same techniques to improve marketing.

 

Grilling Cheese in Full Battle Rattle

Don and his son Jake McPeck always wanted a military theme. This theme is rare, and the decor could be really cool. The idea of a mess hall on wheels was a good concept that really took off.

The military theme extends from the image to the way Don runs his business. Although there is a long list of traits he picked up from serving in the Army that helps him better serve his customers, he believes that work ethic and dedication to the mission is huge.

On any given morning, a walk into the truck would reveal a spotless, brand new kitchen. Every evening, the kitchen is “GI’ed from top to bottom” and ready for inspection at any time. Using leadership and teamwork refined by his military experience, Don makes sure his employees know his expectations of higher standards of preparedness.

“If you want to be the best, you have to outwork everybody.”

 

Marketing is Mission Critical

Marketing is important for growing a small business, and theme is crucial. Don has seen many food trucks come and go with poorly thought out names that are sometimes offensive to customers. He and his son are thinking about starting a television show where they help save failing food trucks by rebranding them.

Branding, especially for food trucks where space and visibility is limited, is essential to getting your message out to potential customers. From the decorative wrap that covers the truck to the names of menu items, everything about Mess Hall Canteen is dialed into the theme.

In addition to a consistent and unique theme, Don offers another piece of advice to other small business owners. To him, social media is mandatory. He sees a lot of food trucks that don’t use social media to get to build interest, and his secret is promoting his business “all day, every day.”

 

Army Marketing Tips You Can Use For Your Small Business

The U.S. Army has an interesting challenge of re-branding itself to younger generations using social media and digital marketing, something you are probably facing as well.

Check out these two social media handbooks for help making the most out of social media to promote your business.

The first one is published by the U.S. Army. While the messaging is catered to soldiers and officers, the advice will also benefit your small business’ digital marketing plan: The United States Army Social Media Handbook 

This second handbook was created by us, for you. While not as detailed, this handbook is geared specifically to small business marketing: Get and Keep More Customers with Better Digital Marketing – Today

 

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. In FY16, we made $60M in loans to help more than 2,200 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at http://opportunityfundloan.org and follow us on Facebook and Twitter

Stuck with a bad business partner? Our content partner Nav offers advice for how to find out if you need to buy out your partner and how to protect yourself from future problems.

Stuck with a bad business partner? Our content partner Nav.com offers advice for how to find out if you need to buy out your partner and how to protect yourself from future problems.

 

Businesses fail for a variety of reasons and many times the reason for failure had nothing at all to do with the market, the products, lack of capital, a bad location, nor any of the other “major” reasons for failure, but many times the reason for failure was due to the bad dynamics between the owners themselves.

Let’s face it, people change.

You meet them one day and they are a smart, intelligent, competent, responsible, respectful, and ambitious person—just the type of person (you think) that you would like to form a partnership with to build an enterprise. But for reasons beyond your control, this partner changes down the line into a sneaky, lying, con-artist that’s sucking money out of the business and about to cost you the time, energy, and investment you’ve put into the business.

So how do you get out of this situation? How do you buy-out a current bad partner, and avoid signing on with another bad partner in the future? Here are some ideas.

Determine If A Buy-Out Is Needed (Hire An Attorney)

Before you do anything, make sure you have the proper legal representation working on your situation because your Attorney can determine if a buy-out might be in your best interest.

The cost of an attorney of this nature might cost you a couple thousand dollars, but they would be well worth the investment if they can make sure everything is sorted, organized, and efficient in relation to the buy-out procedure (again, if a buy-out is even the best option). Your attorney can review partnership agreements, ensure compliance with state/local laws, and more.

For example, if you have a good partnership agreement drafted, you might be able to dissolve the partnership without a buy-out, or you might be able to change the weight of ownership within the partnership agreement giving you more control without having to buy-out the other partner’s equity.

If Going Forward With The Buy-Out

If you are indeed going forward with a buy-out, here are some procedures you want completed:

  • File all paperwork and transfer accounts: All paperwork needs to be filed properly and the other partner’s name needs to be removed from your business accounts. More likely than not, this would mean that you might have to establish new business accounts in which the other partner doesn’t have access to said account numbers, passwords, etc. Your hired Attorney and CPA/Accountant should be able to assist with this process.
  • Complete an efficient business valuation: In addition to hiring an Attorney and bringing in a CPA/Accountant, you also want to hire an Independent Consulting Firm to provide a business valuation which will give you the full value of the business (including the worth of your brand). This will help you decide if buying out your business partner is a good investment or not.
  • If needed, seek the right funding: This can include a variety of sources, such as your personal savings or debt financing options such as a business loan, line of credit, or business credit card. Before you spend your time searching for financing, check your personal and business credit scores with a free Nav account—our financing marketplace uses your business and credit data to match you to financing offers you’re more likely to qualify for.

Protect Yourself In The Future

If you are going to bring on a prospective business partner again in the future, you should approach the situation as if you are entering a marriage and structuring a pre-nup.

While similar to a marriage, your prospective business partner might inform you of how they “don’t believe in a break-up and would never leave you”, and while they might have every intention of never leaving you, sometimes disagreements about how to conduct business can unfortunately lead to a disastrous business partnership.

Before you bring on any prospective business partner, make sure you hire an attorney to draft up your Partnership Agreement to outline investments, responsibilities, and a dissolution process that provides an outlined exit strategy that everyone agrees to upfront. This allows you to negotiate the exit strategy at the beginning while everyone has good feelings towards each other, rather than at the end.

 

This article originally appeared on Nav.com and was re-purposed with their permission.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. In FY16, we made $60M in loans to help more than 2,200 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at http://opportunityfundloan.org and follow us on Facebook and Twitter

The way credit agencies report public records is changing this summer. Our content partner Nav explains what is changing and how it might help your credit score!

The way credit agencies report public records is changing this summer. Our content partner Nav.com explains what is changing and how it might help your credit score!

 

A slew of changes to how credit reporting agencies will handle public records could help millions of Americans improve their credit scores this summer.

For decades, the major credit bureaus — Experian, Equifax and TransUnion — have included public records like parking tickets and fines in consumer credit reports. But, as a result of a settlement with the New York Attorney General in 2015, the bureaus announced plans to update and modify their data collection and dispute processes to improve credit report accuracy.

Changes under the National Consumer Assistance Plan actually began rolling out in September 2015, with another round of changes taking effect September 2016 and the final round occurring on July 1, 2017. This final group of reforms mainly pertains to public records like tax liens and civil judgments. It includes two major policy shifts:

  1. Public records will now be required to list the name, address, Social Security number and/or date of birth of the consumer.
  2. The records will need to be updated every 90 days in order to remain on consumers’ credit reports.

The Consumer Data Industry Association, a trade group representing the major credit bureaus and other data companies, estimates that this change could result in the removal of 96% of civil judgments and 50% of tax liens currently appearing on consumer credit reports due to insufficient personal identifying information (PII) under the new standards. Bankruptcy records will not be impacted by the data standard changes as they already comply with these policies.

This isn’t the only consumer-friendly credit reporting shift that’s happened recently, though. The July 1 shift has been planned for a while, but, as we first reported on Nav, consumers got an additional boost late last year from a handful of major debt collection companies who decided to stop reporting on paid collection accounts after 2 years, or to not report collection accounts that were paid in full or on a payment plan if the consumer started paying within 3 months of the initial collection notice. Though not all collection agencies are following this policy, it’s a major shift for one of the top credit report issues — unpaid collection accounts — and one source told Nav that the decision has already removed more than a million derogatory accounts.

The impact of the CDIA changes in July compounded with the recent debt collection shift means millions of Americans could see a credit score lift in 2017. The impact goes beyond just consumer credit scores as well — while businesses have their own credit scores, nearly half of small business owners use their personal credit scores to secure business financing (many business credit cards, for example, require a personal credit score to get approved). So a major lift to a personal score could make a big impact on small business owners looking to secure business financing in the future as well as under the July changes. (You can check your personal and business credit scores for free on Nav.)

 

This article originally appeared on Nav.com and was re-purposed with their permission.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. In FY16, we made $60M in loans to help more than 2,200 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at http://opportunityfundloan.org and follow us on Facebook and Twitter

Every two weeks, we’re sharing and promoting free and affordable events that help small business owners run their businesses better. This is your bi-weekly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events from May 16 through May 31.

Every two weeks, we’re sharing and promoting free and affordable events that help small business owners run their businesses better. This is your bi-weekly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events from May 16 through May 31.

Northern California/Sacramento

Empowering Women Business Owners: Inspiration – How To Get It And Keep It
Date: May 19, 2017 | 12:30 pm PST – 2:00 pm PST
Location: San Francisco SBA Entrepreneur Center
455 Market St. Suite 600 San Francisco, CA 94105 (map it)
Contact: SFOmail@sba.gov | (415) 744-6820
Organization: U.S. Small Business Administration
Fee: Free

With all the advancements for women in business over the last several decades we have much to celebrate, but we also have a long road ahead. Inspiration is the key ingredient.

The empowerment of women in business is critical to the success of the overall economic fabric of our communities. This workshop will provide you with critical information you can put to use in your business endeavors immediately following the session.

Two of San Francisco’s most admired business women, Gwen Kaplan and Emily Wirowek, will share ‘real-world’ challenges and inspirations and ‘real-life’ solutions to propel your business forward as the leaders of this seminar. Now is the time to be inspired!

Click here to register for this event.

Small Business IT Best Practices
Date: May 24, 2017 | 9:00 am PST – 12:00 pm PST
Location: East Bay SCORE @ Cal State Center East Bay
1000 Broadway Suite 109 Oakland, CA 94607 (map it)
Contact: info@eastbayscore.org | (510) 273-6611
Organization: SCORE East Bay
Fee: $35

Organizations that embrace and leverage technology have a significant competitive advantage.  A modern business integrates technology with business processes to deliver security, control data, improve productivity, and quickly resolve issues.

In this seminar, you’ll learn best practices for future-proofing your organization’s IT including:

  • Risk Mitigation
  • Data Governance
  • Productivity
  • Maintenance & Support

Click here to register for this event.

SCORE Content Marketing Workshop
Date: May 25, 2017 | 10:00 am PST – 12:00 pm PST
Location: 801 R St. Suite 201 Fresno, CA 93721 (map it)
Contact: Chunny Boosa | chunny.boosa@scorevolunteer.org | (559) 492-9709
Organization: Central Valley SCORE
Fee: Free

You’ve heard of “Location, Location, Location” for real estate. For online marketing, it’s “Content, Content, Content!”

In this seminar, you’ll learn the building blocks of great content that engages customers:

  • The words: what to say and the way you say it (tone, date & time, frequency)
  • Audience engagement: attract, engage, and encourage sharing
  • Structure and tools: how to make content creation fast, easy, and effective
  • Content management made easy: time-saving tips, techniques, and apps to boost your content
  • Writing for different platforms: better email subject lines and repurposing content the right way
  • Visual aids: images, graphics, videos, and much more

Click here to register for this event.

Southern California/San Diego

Transform Your Business
Date: May 16, 2017 | 6:00 pm PST – 8:30 pm PST
Location: 77806 Flora Rd. Suite A Palm Desert, CA 92211 (map it)
Contact: Kim Scanlan | kscanlan@cvwbc.org | (760) 345-9200
Organization: Coachella Valley Women’s Business Center
Fee: $20

During this highly interactive and insightful workshop, you’ll discover how consistently attracting high-quality clients and relentless money management is the real keys to profitability. You’ll also learn that proper planning and energy utilization is the foundation of a balanced work and personal life. And, perhaps most important of you’ll find out and appreciate just what it is that you truly love about your transformed business.

Click here to register for this event.

Murrieta-Area Business Roundtable
Date: May 17, 2017 | 8:00 am PST – 9:00 am PST
Location: Murrieta Innovation Center
26442 Beckman Ct. Murrieta, CA 92562 (map it)
Contact: Diana Cescolini | diana.cescolini@scorevolunteer.org | (951) 652-4390
Organization: Inland Empire SCORE
Fee: Free

Come join business leaders and guest speakers in a great networking opportunities at a business roundtable meeting. This is a wonderful way to meet other business owners and discuss important topics crucial to the success of your business. Don’t miss out on this great networking opportunity.

Click here to register for this event.

Snapchat for Business
Date: May 17, 2017 | 6:00 pm PST – 8:00 pm PST
Location: Inglewood Public Library—Gladys Waddingham Lecture Hall
101 W. Manchester Blvd. Inglewood, CA 90301 (map it)
Contact: Martha Cinseros | mcisneros@elcamino.edu | (310) 973-3177
Organization:  SBDC hosted by El Camino College
Fee: Free

Snapchat is one of the fastest growing social networks of the decade. Since its inception in 2011, it has grown to 8 billion daily video views (head to head with Facebook) and 100+ million daily active users.

This platform is a content and storytelling haven. With an engaged user base, Snapchat delivers a marketing channel for the fast pace world we live in. As its user base continues to skyrocket, there is ample opportunity for businesses to take advantage of the attention on Snapchat. Brands like Taco Bell, Burberry, Sephora, Amazon and even Presidential candidates like Bernie Sanders are using it and seeing impactful results.

This interactive Snapchat for business class will provide step by step guidance:

  • How to navigate Snapchat: basic functionality
  • How to create content and build your tribe
  • How to develop a content strategy
  • How to repurpose your Snapchat content for other platforms
  • How to build a cross promotion strategy and plan of action for your business

Click here to register for this event.

Virtual

Time Management: Maximize Profitability, Achieve More by Doing Less
Date: May 16, 2017 | 8:00 am PST – 9:00 am PST
Location: Online—Webinar
Contact: Ian Rogers | rogersia@gvsu.edu | (616) 331-7262
Organization: Michigan Small Business Development Center
Fee: Free

The demands that take you away from focusing on your most important work cost you time, money and stress. Some research has found that with the many interruptions in our schedule on a daily basis, we lose 28% productivity! That equates to almost one full day a week!

The models discussed in this webinar are designed to assist busy professionals with organization, prioritization, and narrowing their focus to achieve more and take back their time allowing more time with themselves, family and friends.

Click here to register for this event.

How and Why You Should Track Your Cash Flow Weekly
Date: May 18, 2017| 10:00 am PST – 11:00 am PST
Location: Online—Webinar
Contact: webinars@score.org
Organization: SCORE
Fee: Free

Managing your cash flow can be a stressful endeavor for small business owners. But you don’t need an accounting degree to track this key metric.

In this webinar, you will learn the fundamentals of cash flow management, including how to:

  • Develop a cash flow budget on your own
  • Use the budget to make critical business decisions
  • Forecast the future of your business with more certainty

Click here to register for this event.

Can Your Business Keep Up with Today’s Customer?
Date: May 30, 2017 | 10:00 am PST – 11:00 am PST
Location: Online—Webinar
Contact: webinars@score.org
Organization: SCORE
Fee: Free

As social and mobile technologies change, businesses and customers interact differently. Customers are more sophisticated and knowledgeable than ever, but many small businesses don’t know how to adapt and keep up.

Join Laurie McCabe, six-time Small Business Influencer Award winner and Cofounder at SMB Group for this seminar where you will to learn:

  • Customer expectations: how and why they’re changing
  • Implications and challenges for small businesses
  • Tactics for sales, marketing, and service: keep pace with your customers

And more!

Click here to register for this event.

We’re looking for upcoming events to promote to small business owners like you. If you have an event you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. Last year, we made $60M in loans to help more than 2,200 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at opportunityfundloan.org and follow us on Facebook and Twitter

Each month, we’re sharing and promoting free or affordable tools that help small business owners run their businesses better. This is your toolbox for five affordable legal resources.

Each month, we’re sharing and promoting free or affordable tools that help small business owners run their businesses better. This is your toolbox for five affordable legal resources.

Navigating the law is complicated for business owners. The high price of lawyers and legal teams may seem daunting, but there are affordable options. We’ve compiled this list of tools and resources that will help you find accessible legal advice and assistance at low cost.

 

How much it costs: Monthly plans starting at $39.00

What it does: Legal Shield is a low-cost law firm that has plans specifically for small businesses. Their plans are broken down by how many employees you have and in which state your business is located. In addition to unlimited legal consultation, monthly plans include a number of calls each year, collection letters each month, and legal document review each year. They even have a free mobile app for on-the-go assistance. If you need representation or additional services, Legal Shield offers a 25% discount towards your lawyer’s normal rate. This resource is perfect for small businesses that need reoccurring, but simple legal needs.

 

How much it costs: Free

What it does: This free resource is great if you need quick legal advice but don’t want to pay for a lawyer. The process is simple and easy-to-use: fill out some basic information about your business and your question, and you will have the opportunity to contact someone near you for help. Lawyers.com also has good articles about small business law.

 

How much it costs: Free resources with paid extra services

What it does: Legal Zoom offers many different services and tools. Business advisory plans include telephone consultation, legal document review, and a yearly “legal check-up” to make sure your business is in compliance with the law. You can also download legal forms and documents at a low cost to use as many times as your business needs. There are so many plans for different needs, check out this affordable resource whether you need general advice or help with specific legal issues.

 

How much it costs: Monthly plans starting at $39.95

What it does: Rocket Lawyer specializes in three areas of legal assistance: legal documents, attorney consultation, and business incorporation. Premium and accelerate plans are available for a one week trial if you think you might be interested in paying for their services.

 

How much it costs: Free

What it does: The American Bar Association partnered with FindLegalHelp.org to provide you information and assistance. If you have a special circumstance or qualify as low-income, this is a fantastic resource for inexpensive or pro bono legal help.

 

We’re always looking for the best affordable online resources including tools to promote to small business owners like you. If you have a tool you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. In FY16, we made $60M in loans to help more than 2,200 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at opportunityfundloan.org and follow us on Facebook  and Twitter

David Anderson is a successful pitch man, working to connect his clients’ products to consumers. Following a cross-country move to Southern California, David needed a small business loan to close the inventory gap. Opportunity Fund helped him get started.

Our customers inspire us every day, and we want to regularly share those stories to inspire you, too. This week, read about David Anderson of Sage & Company in Huntington Beach. David is a successful pitch man, working to connect his clients’ products to consumers. Following a cross-country move to Southern California, David needed a small business loan to close the inventory gap. Opportunity Fund helped him get started.

Sold on Financing

David Anderson founded Sage & Company over 15 years ago. Through Sage & Company, David produces live demonstrations at consumer shows and events to help companies bring their products to market and create new ways to sell products. He also helps companies introduce his live demos via different digital media platforms.

He worked as a product pitch man on the East Coast before moving his business to Southern California. The change in markets plus the most recent economic recession presented challenges for David as he looked for ways to finance his business.

David previously had not relied much on financing through a bank for his business. “After the recession, it was hard to approach a bank about financing,” he said. “When I moved my business to Southern California, it took some time to learn my way around the area and find opportunities. I needed funding to balance my need for resources while also managing my business in a responsible way.”

David learned about Opportunity Fund through advertising at an event in Southern California. The connection helped change his business.

Connecting California Entrepreneurs

David reached out to Opportunity Fund loan consultant Osbaldo Velazquez. David immediately saw the impact we could have on his business thanks to Osbaldo’s friendly and helpful interactions over the phone.

“Speaking to Osbaldo was unlike any experience I’ve ever had in dealing with a lender,” David said. “He really invested time in learning who I was and what I was trying to do. He was proactive with actionable solutions.”

Sage & Co - David and Osbaldo

David and Osbaldo work together to help grow Sage & Company (photo courtesy of ROF Industries)

Our easy-to-get, fast, and accessible small business loans have helped David invest in inventory. “I need long lead times to get my products on the ground in Southern California,” David said. “Prior to working with Opportunity Fund, I missed out on several opportunities and revenue because I didn’t have the resources I needed.”

See how we helped David grow his business in this video:

 

David’s next big goal for Sage & Company is expanding his live demos and networking power to serve more small business owners in Southern California over the next five years. We’ll be there to support David as he works toward helping entrepreneurs to connect in a more meaningful way and build community around their products.

We hope this story has inspired you, too.  At Opportunity Fund, we offer easy-to-get, fast, and affordable small business loans to help small business owners succeed.  Visit our home page to find out more.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. Last fiscal year, we made $60M in loans to help more than 2,200 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Follow us on Facebook and Twitter

May is Asian American Pacific Islander Heritage month (AAPI), and we want to spotlight one of our borrowers who are proud of their heritage and contribute to their local communities.

May is Asian American Pacific Islander Heritage month (AAPI), and we want to spotlight one of our borrowers who are proud of their heritage and contribute to their local communities.

 

Asian immigrants have played a major role in the economy of the United States. From the Gold Rush to the Tech Boom, Asian Americans have been both a big part of the workforce and of business ownership.

According to Census Bureau Deputy Director Thomas Mesenbourg, “Asian-owned businesses [continue] to be one of the strongest segments of our nation’s economy, bringing in more than half a trillion dollars in sales in 2007 and employing more than 2.8 million people.”

Asian Americans are more likely than any other ethnic group to own their own businesses. Entrepreneurship runs deep, as opening a small business is how many immigrants from Asia and the Pacific Islands established themselves in America.

Opportunity Fund proudly helps Asian and Pacific Islander small business owners get the funding they need. Take a look at one of our successful borrowers who defied those who doubted her and started her first restaurant at age 17:

 

Phonomenal – Cynthia Vo

Phonomenal is one of five businesses owned by Cynthia Vo, who’s only 24 years old. She started her first restaurant at age 17. We helped her get a loan to boost cash flow at Phonomenal, her Vietnamese food stand at San Pedro Square market in downtown San Jose.

This is a favorite lunch spot here at Opportunity Fund, where you can grab a bowl of piping hot pho and other traditional Vietnamese meals for a reasonable price. The pho is phonomenal!

Read Cynthia’s full story on our blog here.

 

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. In FY16, we made $60M in loans to help more than 2,200 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at http://opportunityfundloan.org and follow us on Facebook and Twitter

Opportunity Fund. Working Capital for Working People. opportunityfund.org