Commercial Vehicle* $2,600 – $100,000
- Interest rates: 11.5% to 12.5% interest, 13.3% to 15.1% APR.
- Terms: 24 to 60 months.
- Qualifications: 1 year in business. On-time payment history, no liens or delinquencies.
- Documentation: Bank statements, tax returns, and personal ID.
- Funds Available: 5 days on average.***
- Fees: $75 for loans $2,600 to $5,000. 5.99% loan funding fee for loans $5,001 to $100,000.
- Collateral: OF holds security interest in the asset financed. Minimum 20% – 30% down payment.
- Pre-Payment Penalty: None.
- Payments: N/A.
* Only available in state of California
**Pricing effective starting August 30, 2018. Pricing and terms subject to change.
***Upon formal approval.
Opportunity Fund is a U.S. Treasury certified Community Development Financial Institution. All loan applications are subject to credit review. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609. Loan origination fees are one-time fees for first-time loans and are based on the loan amount. Subsequent loans may use a different fee structure. Pricing and terms subject to change.