Easy Pay* $5,001 – $250,000
- Interest rates: 7.9% to 15.9% interest rates, 9.9% to 21.9% APR.
- Terms: Up to 60 months.
- Qualifications: 1 year in business. On-time payment history, no liens or delinquencies.
- Documentation: Recent tax returns. Bank and merchant statements. Copy of MCA agreement.
- 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. 4.99% for loans $100,001 to $150,000. 3.99% for loans $150,001 to $250,000.
- Collateral: May be required.
- Pre-Payment Penalty: None.
- Payments: Typically less than 10% of your monthly credit card receipts.
* 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.