News & Press

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 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.

As we mark the mid-year point of a turbulent 2020, we want to recognize that we have accomplished amazing things with the help of some wonderful people! Opportunity Fund’s Southern California Regional Board has played a vital role in expanding the organization’s reach into a new market since June 2015 and making this region the…

Tennis icon and fashion designer Serena Williams is launching Unstoppable, a special edition jewelry capsule to benefit Accion Opportunity Fund

Despite its profound impact, the program has been up for renewal on a periodic basis, and after the current 1-year extension, the NMTC program is, once again, at risk of being eliminated. It’s crucial now, more than ever, that Congress moves to make the New Markets Tax Credit program permanent. 

The Yakima Valley Farm Workers Clinic Investment in Washington will support the construction of a new community health clinic serving low-income and/or uninsured residents.