News & Press Releases

In the News | December 1, 2016

Controversial cash advances come at a high cost

December 2016 — Short-term financing known as merchant cash advances are getting some small businesses into hot water financially. CEO Eric Weaver is quoted on the dangers of merchant cash advances, and Opportunity Fund is mentioned as a CDFI lender, a reliable alternative.

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In the News | October 13, 2016

It’s the ‘Wild West Out There’: Merchant Cash Advances

October 2016 — The merchant cash advance industry runs largely unregulated, causing borrowers to risk their livelihood and business to keep up with payments. Opportunity Fund's research is cited, and Gwendy Brown, VP of Research & Policy, is quoted, highlighting the unfavorable outcomes of merchant cash advances.

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