Express* Under $10,000
- Interest rates: 15.9% to 18% interest, 21.9% to 22.2% APR.
- Terms: Up to 24 months.
- Qualifications: 1 year in business. No min. FICO. On-time payment history, no liens or delinquencies.
- Documentation: Proof of business, and personal ID. No credit OK.
- Funds Available: As few as 2 days.***
- Fees: $75 for loans from $2,600 to $5,000. 5.99% loan funding fee for loans $5,001 to $10,000.
- Collateral: May be required.
- 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.