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Accion Opportunity Fund. The Accion Opportunity Fund grants small business loans ranging from $5,000-$250,000, along with educational resources, coaching, and support networks in both English and ...
The program is managed by the Accion Opportunity Fund, a nonprofit that offers a business loan and additional resources to support small business owners who belong to groups that have historically ...
With a particular focus on helping to remove barriers for emerging entrepreneurs, including those in communities of color, women, immigrants, and members of the LGBTQ+ community, an additional result and benefit of the program was driving more awareness of Accion Opportunity Fund's loan products, generating an additional $1.3 million in loans ...
A business grant is one of the few types of business financing that doesn’t require you to repay funds. ... and Accion Opportunity Fund, a microlender geared toward disadvantaged businesses.
Accion’s outcomes data from its 2013 microTracker survey, which was conducted in partnership with the Aspen Institute and California microlender Opportunity Fund, showed that: [8] 4.8 jobs were created or sustained on average by businesses with employees
Accion and its partners developed a lending method that met the needs of microenterprises. The ability to cover costs, augmented by Accion's new loan guarantee fund, the Bridge Fund, enabled Accion's partners to connect with the local banking sector and dramatically increase the number of microentrepreneurs they reached. [24]
A startup loan is designed to fund the initial expenses and growth of small businesses. ... Accion Opportunity Fund offers microloans from $5,000 to $250,000 with interest rates from 8.49 percent ...
About 90 percent of the Opportunity Fund's clients are racial and ethnic minorities, nearly 70 percent are low-income, and about a third are female. [2] The organization receives funding from big foundations, banks, donors and government grants, [1] including Bank of America; Goldman Sachs; JP Morgan Chase Foundation; [3] Knight Foundation; Calvert Foundation; [4] philanthropist Mark Leslie ...