Opportunity Fund and the Accion U.S. Network Combine Efforts to Drive Small Business Access to Credit and Advisory Services in the U.S.
Opportunity Fund, the country’s leading nonprofit small business lender, and the Accion U.S. Network, the U.S. affiliate of global nonprofit Accion that has led a nationwide network of community lenders since 2011, will join efforts to form Accion Opportunity Fund, effective immediately.Read Story
Small Business Owners Could Save Billions Annually, Create Jobs, and Spur Economic Growth Under California’s Proposed Commercial Finance Disclosure Regulations
Implementation of this historic law could result in annual savings of $617 million to $2.9 billion for the 127,000 California small business owners who would select a lower-cost financing option when empowered with the ease to shop and compare financing options, according to analysis conducted by the RBLC in response to the DBO’s third invitation for comment, an inquiry into the economic impact of the proposed regulations.Read Story
“If I’m a banker that’s just trying to meet their CRA obligation as easily as possible, and a few large activities will get to that number with less work than several small ones, I don’t need to spend time trying to understand what’s happening in a particular community,” said Eric Weaver, Founder of Opportunity Fund.Read Story