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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.
Read StoryNation’s Leading Nonprofit Lender Opportunity Fund Launches Small Business Relief Fund Aimed at Raising $50M for Entrepreneurs Affected by COVID-19 Crisis
The CARES Act’s Paycheck Protection Program leaves the most vulnerable behind, and its rocky and inequitable roll-out may bring too little, too late, to Main Street. To fill this ‘stimulus gap,’ Opportunity Fund is raising $50 million to help small businesses survive. The national Fund--in regional partnership with Silicon Valley Community Foundation--has already received over $7 million in commitments from tech giants, Wall Street titans and A-list celebrities.
Read StoryNonprofit Lender Opportunity Fund Teams Up With Bay Area Small Business to Feed Students During School Closings
With many schools closing due to COVID-19, Opportunity Fund has teamed with local small business Alicia’s Tamales Los Mayas to ensure students in East Palo Alto receive daily meals; Opportunity Fund mobilizing small business clients and donors to scale the program and encourages communities across the country to use the model to help at-risk populations and support restaurant and other food purveyors
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