News & Press

American Express will provide a $40 million investment to Accion Opportunity Fund, representing the nonprofit’s largest investment to date. Loans from Accion Opportunity Fund offer much-needed capital to historically underfunded small business owners, including people of color, women and immigrants.

In her first return to Oakland since elected, Vice President Harris visits an Accion Opportunity Fund client and highlights critical role of Community Development Financial Institutions (CDFIs) in COVID Recovery.

We identified a number of positive recommendations in the Federal Reserve’s proposal for the Community Reinvestment Act. However, we also found areas that could be further strengthened.

Ron Gonen, President of EGC Real Estate Group, is the new chair of the Southern California Regional Board which advises on Accion Opportunity Fund’s regional philanthropy strategy and assists in raising funds in support of small businesses owners in the region.

Today, we need to fight against systemic inequities with greater speed, unyielding commitment, and increasing courage. Luz Urrutia, Accion Opportunity Fund CEO, responds to the January 6, 2021 attack on the Capitol.

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.

This September, we surveyed our borrowers to ask how they’ve adapted their businesses in response to the pandemic and what their outlook is for the future.

The nation’s leading small business experts, including our very own CEO Luz Urrutia, joined forces to perform the most comprehensive analysis of small business policy ever undertaken in the US and with it, develop a 5-point plan for saving small businesses and rebuilding our Main Streets.

We are grateful to partner with eBay to create a more inclusive financial system. Allie Ottoboni, President, eBay Foundation reflects on the company’s culture of philanthropy, commitment to small businesses, and ongoing work towards racial justice.