Frequently Asked Questions

How can my business find offers without affecting my credit score?

In order to find offers for your business, we check to see if you meet our initial credit criteria by asking you questions about your business, income, and debts. We also ask you authorize us to make a soft pull credit inquiry to a nationwide credit reporting agency, such as Experian. A soft pull inquiry does not affect your credit score.

What happens after my business receives an offer?

If you receive an offer, and you continue the process, we will ask for additional information. You can view an offer and still not receive final credit approval. To receive final approval of your application, you will need to upload the documentation we request and provide additional information. We will then request a “hard pull” of your credit from a nationwide credit reporting agency, such as Experian. This will show as a hard inquiry on your credit profile and may affect your credit score with the nationwide credit reporting agencies. We will also request information from alternative data sources, which could affect any similar score used by these alternative sources.

How do I receive offers from other lenders?

In order to receive offers from lenders in addition to offers from Opportunity Fund, we gather credit information: (1) directly from you by asking you questions; and (2) by making a soft pull credit inquiry on you to a credit reporting agency, such as Experian. When we gather your credit information and forward it to participating lenders, we are acting at your request as an intermediary to obtain credit offers. We do not verify the credit information we receive from the credit reporting agency prior to submitting it on your behalf.