News & Press

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.

On May 28, 2020, Andy Cohen of Watch Happens Live with Andy Cohen hosted Eat. Drink. Give., benefiting America’s small businesses during the COVID-19 pandemic.

For those of us fortunate enough to be able to work from home, everyday life is complicated, difficult, and worrisome. However, we still get to mobile order our favorite pizza or Chinese food for dinner. We still get to stop by and grab coffee at a drive-through on the way home from picking up groceries.…