News & Press

As small businesses struggle to access affordable capital, the nation’s leading nonprofit lender and tech-driven payroll and HR provider, Gusto, join forces to keep capital flowing to Main Street businesses.

Accion Opportunity Fund Receives $55 Million New Markets Tax Credit Allocation to Continue Investment in Nonprofit Community Facilities.

Berde brings 25 years of human resources and financial services experience to Accion Opportunity Fund

Accion Opportunity Fund responded to the Department of Treasury’s request for comment regarding implementation of the State Small Business Credit Initiative (SSBCI)

Nurturing, patient, empathetic, driven, commanding, responsible, and experienced at juggling a million things at once: All the qualities that make a successful parent also make a successful entrepreneurial mindset. Unfortunately, the pandemic has highlighted and exacerbated the problems parents who are entrepreneurs face. With childcare unavailable or uncertain, their family’s income threatened, and the health…

After months of delays, Congress’s passage today of a $900 billion COVID-19 relief package is an important step in the right direction to help struggling small businesses. We’re happy to see the bipartisan package include $12 billion for Community Development Financial Institutions (CDFIs) and Minority Development Institutions—lenders that have relationships with the underbanked small businesses…

Luz Urrutia, CEO of Opportunity Fund, had the opportunity to participate as a Small Entity Representative in the Consumer Financial Protection Bureau’s (CFPB) Small Business Regulatory Enforcement Fairness Act (“SBREFA”) panel.

Luz Urrutia, CEO of Accion Opportunity Fund and Opportunity Fund, testified to the House Small Business Committee today about the urgent need for transparency in small business lending.

Individual consumers are protected by the Truth in Lending Act (TILA), which requires transparent disclosure of loan terms, fees and annual percentage rates (APR) of loans. Small businesses, however, are not covered by this law, leaving them vulnerable to misleading or irresponsible lending practices.

$15 million in philanthropy amplifies work of the nation’s leading nonprofit small business lender and helps launch $100 million capacity-building campaign in a time when resources are most needed.