After 30 years in the medical consulting field, Jim started a new business in addiction recovery services. He built Newport Health Services into a successful sober living program in Southern California. When he needed a small business loan to establish his company’s first sober living home, Opportunity Fund and Lending Club were there to help.

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After 30 years in the medical consulting field, Jim started a new business in addiction recovery services. He built Newport Health Services into a successful sober living program in Southern California. When he needed a small business loan to establish his company’s first sober living home, Opportunity Fund and Lending Club were there to help.

Supportive Solutions for Recovery

Jim Parrott started Newport Health Services and Axiom Recovery in 2016. After three decades in medical practice management and consulting, he saw a need to connect recovering addicts to services that help them transition from prison to the final stages of recovery.

Newport Health Services began from Jim’s experience with addiction in his own family. Inspired by his son’s journey through incarceration and addiction recovery, Jim began his work with two business partners, also in recovery and have managed similar sober living connection programs.

“In California there’s a shortage of sober living beds, anywhere from 10,000 to 15,000 across the state,” Jim said. “In 2017, we had room for 20 beds and filled all of them within 10 days.”

Newport Health Services works with everyone central to the client’s life post-prison: probation officers, court appointed attorneys, rehabilitation centers, and families to locate and gain admittance to local rehabilitation facilities best suited to help them with recovery. Newport Health Services provides no cost help to clients and their families.

“Our first year, we helped about 200 inmates primarily in the two large jails in Orange County,” Jim said.

The company established its first sober living facility under the Axiom Recovery name thanks to a small business loan from Opportunity Fund. He came to us through our partnership with Lending Club. The $21,000 loan helped establish the four unit apartment complex in Huntington Beach.

Helping Small Businesses Create Change in the Community

The working capital provided everything they needed to make the space livable. Jim and his staff took an unfurnished building and turned it into a safe place for clients to recover. The team opened a second sober living home also in Huntington Beach with space for up to 10 people, then opened a new detox center in the same town with space for six residents in March.

Newport Health Services

Newport Health Services provides addiction recovery support in safe, homey environment (photo courtesy of Michael Microulis)

With 30 years of experience as an entrepreneur with several successful enterprises under his belt, Jim knows what to look for in a small business lender. “I felt Opportunity Fund was interested in helping small businesses succeed rather than making a high interest loan and walking away,” he said. “Other lenders I talked to tried too hard to sell me a product that was too expensive and didn’t fit what we needed.”

Our business loan advisor Rexie Dumagan helped Jim get the money he needed quickly to close on the apartment unit he wanted for his business. Jim pointed to that as a key moment for his small business. “It would have been very difficult for me to write a check for $20,000 to get started on the first sober living house,” he said.

Jim hopes to expand Newport Health Services by opening an individual outpatient therapy center. Whatever new ventures the company takes in addiction recovery and sober living, Jim keeps his focus on expanding within Southern California. He’s also expressed his hope to contribute to Opportunity Fund in the future.

We’re proud to support entrepreneurs like Jim who make a positive impact in their community.

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.


Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.

Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

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