Loan FAQs

Who does Opportunity Fund serve and what do you offer?

Opportunity Fund offers simple and affordable loans for business owners who may not qualify for traditional financing. We primarily provide loans to underserved small business owners, including minority and women-owned businesses in low-income communities.

We can help borrowers enter the financial mainstream with microloans that build a positive credit history and provide the working capital needed to expand operations and hire or retain employees.

How much can I borrow?

You may qualify for between $2,600 to $250,000, depending on the type of loan.

What can I use the loan funds for?

The funds may be used for numerous business purposes, including working capital, equipment purchases, tenant improvements, commercial vehicle purchases (excluding ride share cars), debt refinancing (such as merchant cash advances and tax liens), opening a new location, purchasing another business, and more. Call one of our loan consultants at 866-299-8173 for more information.

How long do I have to pay my loan back?

12 to 60 months depending on the type and amount of the loan.

Is there a fee for applying?

No, there is no fee for applying with Opportunity Fund.

What types of businesses does Opportunity Fund lend to?

We provide loans to all types of businesses with a few exceptions. There are also several business types in which we are particularly experienced, and lend far more often than traditional banks, including owner-operated trucking, mobile food, restaurants, caterers, day care, elder care, retail, auto repair, nail salons, and more. We don’t lend to small businesses in the areas of:

  • Bars and Liquor Stores
  • Cigarette, Tobacco, Marijuana Retailers or Smoke Shops
  • Real Estate Development / Brokers
  • General Contractors and Subcontractors
  • Gas Stations
  • Car Dealerships
  • Other Nonprofit Companies
  • Other Finance and Trading Companies
  • Rideshare cars

In what states do you lend?

We provide all types of loans in California. We offer micro loans in Nevada, and trucking loans in Washington and New York. Call one of our loan consultants at 866-299-8173 to find out if we lend in your state or visit this page.

Do I need a social security number to apply?

No, a social security number is not required. We can lend to you as long as you have an ITIN.

How long will the process take?

From the time that we receive your completed loan application and all accompanying documentation, you’ll receive notification from your assigned loan officer about whether you’ve been approved in 3-5 business days.

How will you let me know if I get the loan or not?

Your assigned loan officer will let you know the loan decision in person, over the phone or via email.

If I don’t get the loan, will you let me know why not?

Yes, if you are not approved for a loan at this time, we will let you know the reasons why. Our goal is to help you and your business get to a point where you qualify for a loan with us or another lender. We may also refer you to other lenders or organizations that may be able to assist.

If I get a loan, how will I receive the money?

The loan can be funded either via check to your business or an electronic deposit to your business bank account. If you are using the loan to purchase a big rig or mobile food truck/trailer, then the funds will be paid to the vehicle dealer or manufacturer.

How quickly will I get my money?

In as little as 2 – 5 business days from the time your loan is approved.

What if I change my mind?

If you’re approved for a loan and decide not to take it, that is okay. We hope you’ll consider Opportunity Fund for your future financing needs.

Are these Small Business Administration (SBA) loans?

No. Opportunity Fund offers term loans with its own private funds. We are, however, a preferred SBA partner, which means that they refer clients to us.

What are all the ways I can make loan payments?

Automatic Payment

You can set up automatic payment by calling us at 1-866-299-8173, Option 3. You decide the day of the month you’d like to pay.


With a PayNearMe account you can make your loan payments at any participating Family Dollar Store, Ace Cash Express, or 7-Eleven. Find PayNearMe locations here. It’s fast, safe and secure. Please call us at 1-866-299-8173, and choose Option 3 to get started.

Pay by Mail

Mail your check, money order or cashier’s check to our main office at 111 W. Saint John Street, Suite 800, San Jose, CA 95113. We mail monthly statements reminding you of your payment date and amount. You must make a payment every month. A late fee will be charged if payment has not been received.

Is there a penalty for paying my loan back early?

No, Opportunity Fund does not charge a pre-payment penalty.

What happens if I can’t pay my loan back?

We understand that running a small business means that you can experience uneven revenue due to economic conditions, bad weather, excessive growth, or other factors. If you have trouble making your loan payments, please contact us so that we can help you work through it. Defaulting on a loan will damage your credit rating and make it more difficult for you to borrow funds in the future. If necessary, we may be able to work with you to restructure the loan payments so they fit your current financial position.

If I need help with some aspect of my business, such as business planning, cash flow analysis, or other matter, where can I go?

We partner with dozens of organizations that specialize in helping small businesses succeed by providing educational and support services. Below are a few of our Community Partners. A complete list is available here.

Asian Pacific Islander Small Business Program

Award-winning small business counseling provider with an emphasis on in-language services in Asian American and Pacific Islander communities in Los Angeles.

Self-Help Federal Credit Union

A network with 27 branches, over $1 billion in assets, and serving more than 79,000 members, Self-Help Federal Credit Union provides fair and affordable financial products that help members build wealth, repair credit and achieve their financial goals.

Nevada Business Opportunity Fund

Nevada Business Opportunity Fund provides a comprehensive array of tools and resources to help small business entrepreneurs successfully start or expand their businesses.

What are my rights as a small business borrower?

Opportunity Fund has been a long-time advocate for the rights of borrowers. In fact, we were co-sponsors of The Small Business Borrowers’ Bill of Rights (BBoR), the first-ever consensus on responsible small business lending practices. The six rights are:

  1. The Right to Transparent Pricing and Terms, including a right to see an annualized interest rate and all fees
  2. The Right to Non-Abusive Products, so that borrowers don’t get trapped in a vicious cycle of expensive re-borrowing
  3. The Right to Responsible Underwriting, so that borrowers are not placed in loans they are unable to repay
  4. The Right to Fair Treatment from Brokers, so that borrowers are not steered into the most expensive loans
  5. The Right to Inclusive Credit Access, without discrimination
  6. The Right to Fair Collection Practices, to prevent harassment and unfair treatment