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70% of restaurants might not survive COVID

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.…

customer service rules

Celebrating the CDFI Fund’s 25th Anniversary

September 23, 2019 marks the 25th anniversary of the CDFI Fund. Formally known as the Community Development Financial Institutions (CDFI) Fund, the US Treasury Department program aims to expand economic opportunity by investing in organizations, like Accion Opportunity Fund, to provide loans, technical assistance, and financial services to underserved communities.

New Small Business Credit Survey Reveals Gaps

Accion Opportunity Fund is committed to serving entrepreneurs with diverse backgrounds, businesses, and needs. That’s why we were particularly interested in a recent report released by the Federal Reserve Banks of Atlanta and Cleveland focusing on ethnic minority small business owners.

Report: Business Owners of Color Lack Credit Access

We know that a small business loan can be the difference between a dream and an opportunity—but too many small business owners face barriers when it comes to accessing traditional financing. That’s why we were particularly interested in a recent report released by the Federal Reserve Banks of Atlanta and Cleveland focusing on ethnic minority small business…

Advocacy Update – From Sacramento to D.C.

The policy team has been busy this spring, with visits to Washington, D.C. and Sacramento, educating policymakers (and even educating ourselves) on a bevy of economic and community development issues.

Accion Opportunity Fund Advocates for Responsible Lending

Yesterday, Accion Opportunity Fund, alongside fellow members of the Responsible Business Lending Coalition (RBLC) and nearly 60 other organizations, submitted a comment letter outlining how California’s Department of Business Oversight (DBO) should bring true cost transparency to the small business lending market.

Luz Urrutia Appointed to CFPB CAB

Opportunity Fund CEO, Luz Urrutia, has been appointed to the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board (CAB).

Our First Small Business Financial Health Survey

In collaboration with the Center for Financial Services Innovation (CFSI), Accion Opportunity Fund is pleased to present the initial findings of our Small Business Financial Health Survey.