News & Press Releases

In the News | August 14, 2019

Federal Ban on Confessions of Judgment Would Help Small Businesses

June 2019 — Congress took an important step toward protecting small businesses from predatory lending by re-introducing the Small Business Lending Fairness Act.

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Press Releases | July 29, 2019

Responsible Business Lending Coalition Applauds California’s Proposed Commercial Finance Disclosure Regulation

The State of California acted in the best interests of small businesses by developing proposed regulations that reinforce small business borrowers’ right to transparency in financial products. The proposed regulations released by the Department of Business Oversight (DBO) would protect California’s four million small businesses from predatory lending by mandating they be given the opportunity to understand the financing they are being offered in a clear, concise manner that enables informed comparisons across different options—including disclosure of annual percentage rate (APR) and estimated monthly payments.

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Press Releases | June 26, 2019

Opportunity Fund Partners with KeyBank to Launch Lending Program for Independent Truckers in New York

Opportunity Fund is partnering with KeyBank to launch a program that will offer $140 million in loans to independent truck drivers in New York. This new program will bolster the state’s trucking industry, boost the region’s economy and replace older trucks with newer clean-burning models.

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In the News | April 23, 2019

LendingClub Changes Strategy With Small Business Lending

April 2019 — Today, LendingClub announced that effective immediately it will stop originating small business loans themselves and move to a co-branded experience with both Funding Circle and Opportunity Fund, creating a new ecosystem that will allow more small businesses to be funded.

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In the News | April 23, 2019

LendingClub Partners with Funding Circle and Opportunity Fund to Provide Better Access to Credit for SMEs

April 2019 — Beginning today, LendingClub will connect small business borrowers seeking a loan on their online lending platform with both Funding Circle and Opportunity Fund. The initiative is being pitched as a collaboration designed to substantially increase small business owners’ access to transparent, affordable and responsible credit.

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In the News | April 23, 2019

LendingClub Expands SMB Lending Footprint

April 2019 — LendingClub, Opportunity Fund and Funding Circle announced on Tuesday (April 23) a collaboration aimed at providing small businesses with more affordable credit.

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