LendingClub Partners with Opportunity Fund and Funding Circle, Increasing Financial Inclusion and Small Businesses’ Access to Credit
LendingClub Corporation, America’s largest online credit marketplace connecting borrowers and investors; Opportunity Fund, the country’s leading nonprofit small business lender; and Funding Circle, the leading small business loan platform in the United States, today announced a collaboration designed to substantially increase small business owners’ access to transparent, affordable and responsible credit.
Read StoryLendingClub to Feed Online Small Business Loans to Opportunity Fund, Funding Circle
April 2019 — LendingClub will no longer originate small business loans on its balance sheet and will instead connect borrowers to Opportunity Fund and Funding Circle. With the new co-branded partnership, Opportunity Fund will use LendingClub’s technology to provide an online application experience to underserved small business borrowers, but will use its own lending models for underwriting and servicing.
Read StoryOpportunity Fund’s CEO Sees Leadership As ‘Helping Others Reach Their Full Potential’
March 2019 — Opportunity Fund's CEO, Luz Urrutia, is an honoree in the 2019 Silicon Valley Business Journal Latino Leadership Awards program.
Read StoryOpinion: Keep the Community in the Community Reinvestment Act
Read StoryHow Small Businesses Can Prepare for the Next Government Shutdown
January 2019 — The federal government shutdown may be over—at least temporarily—and some government employees may get back pay—but no one is reimbursing millions of small businesses hit hard by the shutdown. They’re hurting, and they’re unlikely to recover soon, if at all. What can small businesses do to recover from this shutdown and prepare for the next time a president or Congress decides to shut down the government?
Read StoryCalifornia Knows How to Boost Air Quality and Independent Truck Drivers
January 2019 — Truck drivers often face various financing barriers — many are people of color and immigrants, especially in the communities Opportunity Fund targets. Opportunity Fund’s truck driver loans are part of the On-Road Heavy-Duty Vehicle Air Quality Loan Program, created in 2009 by the California Air Resources Board, the clean air agency for the state of California. Under the program, the California Air Resources Board guarantees against all possible losses for loans made in alignment with the program’s goals — encouraging participating lenders to make loans they might otherwise view as too risky to make. Additionally, the pollution reduction the truck loan program is achieving has an impact on more than just the planet’s health — it’s also critical for people.
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