News & Press Releases

Nation’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.

Nonprofit 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

Coronavirus Relief Package Provides Important Small Business Assistance, But Much More Must be Done to Help Vulnerable Entrepreneurs

Opportunity Fund’s Vice President of Research and Policy, Gwendy Brown, issued the following statement in response to the $2 trillion coronavirus relief package passed by the Senate--calling for the appropriation of $1 billion for the CDFI Fund in a final bill to help the most vulnerable small businesses, and automatic approval of CDFIs as authorized stimulus fund lenders.

Opportunity Fund’s LA Event Postponed

How to help your favorite small businesses survive the coronavirus crisis

Responsible Business Lending Coalition Endorses New York State Small Business Truth in Lending Act

The Responsible Business Lending Coalition applauds the leadership of Assemblyman Zebrowski for introducing Assembly Bill A10118, which will bring common-sense transparency standards to small business financing in the State of New York.