National Minority Supplier Development Council - Accion Opportunity Fund
Accion Opportunity Fund
In partnership with

We structure loans that work for your business, not someone else's

We offer loans¹ for small businesses from $5k to $250k as well as educational resources, coaching, and support networks in English and Spanish

What makes us different

  • A mission driven lender

    Because we don’t exist to make profit, we use the money from your repayment to support other business owners.

  • Customized loans and repayment terms

    No two businesses are alike, so we structure loans that work for your business, not someone else’s.

  • We speak your language

    We offer 1:1 coaching in English and Spanish to support you when you most need it.

What is required to Apply?

Tip for Success: When applying for a loan, it’s recommended that businesses borrow no more than 10-20% of annual revenue to maintain financial health.

Time in Business

Minimum 1 year in business

Revenue Generate

Minimum $50,000 in annual sales

Ownership

Own at least 20% of the business

FICO Score

Minimum 600+ FICO SCORE

Frequently Asked Questions

AOF, Community Development Financial Institution (or CDFI) is a mission-driven financial institution or lender that seeks to create economic opportunity for individuals and small businesses in under-resourced communities.  We offer financial education, business coaching, and low-interest-rate loans that help increase your economic development potential.

  • AOF is a nonprofit: Because we don’t exist to make a profit, we use the money from your repayment to support other business owners 
  • AOF does not judge by credit score alone: Instead of relying exclusively on credit scores, AOF assesses your business plan, character, background, payment history, and a range of other criteria to determine your creditworthiness.  
  • AOF provides additional support: In addition to loans and funding, AOF offers support services to small businesses. This can come in the form of business coaching, mentoring, and access to networks and resources.

  • Loans between $5,000 – $250,000
  • Interest rates starting at 8.49%
  • Transparent and flexible terms of either 12, 24, 36, or 60 months
  • No prepayment penalties

  • >600 Credit Score  
  • $50k or more in annual revenue  
  • One year or more in business 
  • You own 20% or more of the business 
  • Located all U.S. states except: MT, ND, SD, TN, VT, D.C  

  • Business Tax Return 
  • Personal Tax Return 
  • 3 most recent business bank statements or Plaid linked 
  • Government ID (front and back) – ITINS accepted 
  • If loan is $50k or above, UCC Filing will be required.

  • We’ll give you a quote in just 15 minutes without impacting your credit score. Once offers are presented, you will be able to choose which option works best for you. Offers will have different term lengths, monthly repayment options, and interest rates.  See a video here that takes you through the process step by step.

We are very fast to reply to business owners at every step of the process. Someone who is prepared with their documents can get their loan funded within two weeks. 

  • AOF working capital loans can be used to purchase equipment and inventory, hire new staff, advertise, and grow your business.   
  • The loan can even be used to refinance expensive debt that was previously taken out. 

You can apply here

At Accion Opportunity Fund, we pride ourselves in going above and beyond for small business owners. We will take into consideration the amount you’ve asked for in your application and, if possible, try to fund the full amount. If we’re unable to do so, we will let you know how much we are able to offer and with what repayment terms. 

Prequalification offers and final approvals are valid for 30 days. We want small business owners to feel comfortable and confident with their loan terms and agreement. Please contact us for clarity or with any questions that might arise while considering the offer. If a prequalified offer or final approval hasn’t been accepted within 30 days, we’ll encourage small business owners to reapply and submit updated documents.

  • In addition to small business loans, we offer several additional services: 
    • Business Resource Library: More than a million people every year leverage our business resource library, with thousands of articles, webinars, and guides in Spanish and English. 
    • Business advising: Accion Opportunity Fund’s business advising services include business coaching, free mentoring, access to local business networks, and a comprehensive business resource library that includes blog posts, tools, and webinars. 
    • Free business coaching: Our expert business coaches are here to support you with free coaching sessions that you can sign up for online. 

The loan process was very easy and straightforward. I was pre-approved for an amount, provided the documents needed, the loan was approved the next day, and I received the funds shortly after.

Kelli Owner of Breedlove Beauty Co.
Dora smiles with her arms crossed

It’s wonderful that groups like Accion Opportunity Fund think about small businesses and ways to help us survive…And I think that's what makes pandemics like this survivable, is that you know that there are people who are out there who care.

Dora Herrera Yuca’s Restaurants

Rates, terms and maximum loan amount may vary according to overall creditworthiness of the applicant,financing product and lender. All business advising, loans and loan servicing are provided exclusively by Accion Opportunity Fund Community Development and its affiliates. Accion Opportunity Fund Community Development and its affiliates are independent third-party companies that are not owned, controlled or operated by, or affiliated with, National Minority Supplier Development Council. National Minority Supplier Development Council makes no guarantee or endorsement regarding Accion Opportunity Fund Community Development and its affiliates, or their products or services. Accion Opportunity Fund Community Development and its affiliates solely own and manage their products and services on their own behalf and manage all aspects of their customer relationship, including making all credit and underwriting decisions. If you receive a loan from Accion Opportunity Fund Community Development or its affiliates, National Minority Supplier Development Council will not be the lender. © 2024 National Minority Supplier Development Council All rights reserved.