MacKenzie Scott Makes Largest Gift in Accion Opportunity Fund’s History, Accelerating Support for Businesses Owned by People of Color, Women and Immigrants through $15 Million Grant
$15 million in philanthropy amplifies work of the nation’s leading nonprofit small business lender and helps launch $100 million capacity-building campaign in a time when resources are most needed
Read StoryRBLC Applauds Passage of New York State’s Small Business Truth in Lending Act
The Responsible Business Lending Coalition (RBLC), the only cross-sector coalition whose members represent nonprofit and for-profit lenders, investors, and small business advocates, commends the passage of the New York State Small Business Truth in Lending Act. This legislation represents the nation’s strongest commercial lending disclosure requirements, just as small businesses need protection the most.
Read StoryBlack Lives Matter
We stand with everyone calling for an end to racism and injustice and to affirm: Black Lives Matter.
Read StoryCDFI Opportunity Fund Helping Smallest, Most Vulnerable Businesses Get PPP Loans
Opportunity Fund, the nation’s leading nonprofit small business lender focusing on minority, women and immigrant-owned businesses, making $16,000 average PPP loans, helping the smallest businesses weather the COVID-19 crisis
Read StoryAndy Cohen to Host Opportunity Fund’s Massive Online Cocktail and Dinner Party to Benefit Small Business Relief
Andy Cohen, host of Bravo’s Watch What Happens Live with Andy Cohen, will emcee ‘Eat. Drink. Give.,’ the internet's largest cocktail and dinner party supporting small business relief on May 28; funds raised support Opportunity Fund’s Small Business Relief Fund
Read Story$30B Set-Aside for the Most Vulnerable Small Businesses in New PPP Funding is a Carve-Out in Name Only
Congress passed $320 billion in new funding for the Paycheck Protection Program (PPP) Thursday, including $30 billion for lenders with relationships with traditionally underserved businesses. This is a $30 billion carve-out in name only, and will not adequately help the nation’s most vulnerable business owners who were completely left out of the first round of funding.
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