October 16, 2017
She was once denied a loan, now she’s in the business of giving them
LA OPINIÓN: Luz Urrutia a Venezuelan, worked in banking and founded a bank focused on the Hispanic community. She now runs a non-profit fund that is the largest lender in the country to small entrepreneurs. Read More
September 28, 2017
Opportunity Fund Expands Community Partner Program to Serve Small Businesses Statewide
LOS ANGELES, CA: Opportunity Fund, the largest nonprofit lender to small businesses in California and national leader for the microfinance movement, has expanded its Los Angeles/Inland Empire pilot Community Partner Program into San Diego, the Central
Valley and Northern California. Read More
September 27, 2017
America’s leading nonprofit small business lender and mentoring platform join forces for Santa Clara County entrepreneurs, supported by $600,000 grant from Google.org
San Jose, CA: Pacific Community Ventures and Opportunity Fund today announced a new collaboration funded by Google.org. The $600,000 grant will help 150 small business owners in Santa Clara County access the funding and business advice they need to grow their businesses, create jobs, and support the local economy. Read More
August 21, 2017
Community banker and champion for the underbanked to lead nation’s largest CDFI supporting small businesses
Luz Urrutia named Opportunity Fund CEO, tapped to quadruple organization’s impact Opportunity Fund – the nation’s largest nonprofit small business lender– has hired Luz Urrutia as its new CEO. Ms. Urrutia brings more than thirty years’ experience in community banking, alternative financial services, and small dollar lending, working to expand access to financial services in underserved communities throughout the United States for more than thirty years. Read More
2017 Fiscal Year Impact Report
With your help, Opportunity Fund is meeting today’s big challenges with bigger action. In fiscal year 2017, we invested over $66 million in loans and savings incentives: providing 2,188 loans to entrepreneurs and opening 500 new savings accounts. This year we also embarked on a new strategic plan to help close the gap between dreams and achievements for 50,000 people, investing $500,000,000 in under served communities by 2020. Read More
June 07, 2017
Opportunity Fund Begins National Expansion Lending to Small Businesses Lending to Increase in California and expand to 12 additional States
Opportunity Fund, a leading non-profit small business lender based in California, today announced it has begun to offer loans online to borrowers in 12 new states, in addition to increasing its investments in California’s small businesses. By expanding its partnership with Lending Club, the world’s largest online marketplace connecting borrowers and investors, Opportunity Fund will reach borrowers in these new states online, pursuing a branchless banking model that embraces the best of online and traditional community lending.
March 30, 2017
Veterans find success in the competitive food truck world
December 15, 2016
Entrepreneurs Are Turning Facebook and LinkedIn Feeds into Finding Opportunities.
Jeremy Weaver needed credit. He runs a Chattanooga-based startup, Wind River Tiny Homes, which builds small but elegantly crafted houses, and wanted to expand. In order to afford it, he needed lumberyards and other vendors to give him an advance.
San Francisco, CA, December 1, 2016
Controversial Cash Advances Come at a High Cost to Small Businesses.
Marketed as a fast way to access cash, merchant cash advances can help some entrepreneurs get out of a tough spot — but consumer advocates and government officials say that too often, that’s not the case.
Cleveland, OH, December 5, 2016
Opportunity Fund Targets Minority Businesses, Loans More Than $60 Million in 2016.
Small businesses in California that can’t access capital through traditional lenders have another option. Opportunity Fund is an organization that provides microloans to small businesses. Since it was founded in 1994, the organization has loaned more than $164 million to more than 5,500 businesses.
November 17, 2016, US Edition
Nonprofit, Online Lenders Team Up to Offer More Small-Business Loans
A wave of new partnerships between online lenders and nonprofits that offer microloans means more small-business owners can get fast, convenient and sometimes less expensive small-business loans.
Oakland, CA, November 30, 2016
Making Nail Salons Less Toxic: Bay Area Gets Much Needed Help.
A Bay Area health center is getting help from the U.S. government to help nail salons throughout the region overhaul products and practices that many health experts have deemed hazardous.
November 3, 2016
Opportunity Fund: Micro loans, macro impact
CEO Eric Weaver leads Opportunity Fund, which lends tens of millions of dollars to small businesses that are often overlooked by traditional institutions.
October 26, 2016
How a Microloan Helped My Business Grow
Before a chance meeting in 2013 with Accion, a nonprofit microlender, Kris Schoenberger pulled in $20,000 to $30,000 annually through his mobile catering company, BBQ’d Productions. Catering was his side gig at the time.
October 26, 2016
13 Top U.S. Nonprofit Lenders
If you’re a small-business owner on a quest for capital, there are several smart reasons to turn to nonprofit lenders. These lenders go beyond making small loans to entrepreneurs and provide some benefits that traditional lenders don’t.
October 15, 2016
You Have to Be Fearless, This is Not a Game Where Fear is Your Friend with Olivia Colt Founder and Owner of Salt and Honey Catering.
Oliva Colt is founder of Salt and Honey Catering. Salt & Honey believes in using local sourced and sustainably raised-and-caught produce, meat and Seafood to create meals that are satisfying for the palate and responsible for the environment.
October 9, 2016
Osvaldo Velazquez on KLAA
Community Cares 352
September 28, 2016, Berkeley, CA
Caterer Olivia Colt Finds “Saving Grace” in the Kitchen.
From an early age, Olivia Colt showed signs of a fighter’s mentality. Whether it was explaining that her Dominican culture was as legitimate as the dominant Mexican culture in her hometown of San Diego, or filling out an application to get into a Catholic high school so she could be the first in her family to graduate college, Colt was not going to take no for an answer.
September 26, 2016
The Job Outlook for Seniors Suddenly Brightens.
Seniors are suddenly in demand – at least in some fields. A tight job market has employers taking new looks at the elderly.
September 16, 2016
Is OnDeck a Merchant Cash Advance Provider?
With its launch in 2007, OnDeck set out to become the alternative to merchant cash advances. That financing option, widely used by small-business owners looking for quick access to capital, is easier to get than a bank loan — but it can be staggeringly expensive and lead business owners into a debt trap.
September 16, 2016
‘Like Vultures’: Business Owner Explains How He Escapted MCAs.
Len Rogers’ business, the Electric Bicycle Super Store, was growing fast — so fast that he decided to move into a much bigger space. It seemed like a necessary step in expanding his operations, but he didn’t realize that he’d soon be learning two lessons the hard way.
September 4, 2016, San Jose, CA
San Jose is home to non-profit Opportunity Fund (www.opportunityfund.org), which believes that small amounts of money and financial advice can help people make permanent and lasting change in their own lives, driving economic mobility and building stronger communities.