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Accion Opportunity Fund

Small Business Loans

4.6 (870 reviews)

Accion Opportunity Fund is a nonprofit CDFI providing affordable loans, coaching, and networks to small business owners, particularly focusing on businesses owned by women, people of color, and immigrants.

About Accion Opportunity Fund

Accion Opportunity Fund is a leading nonprofit Community Development Financial Institution (CDFI) formed by the merger of Accion U.S. Network and Opportunity Fund in 2020. With a history spanning over two decades, this organization is dedicated to creating an inclusive financial system that helps small businesses—particularly those owned by women, people of color, and immigrants—access affordable capital, coaching, and networks essential for business growth. Unlike traditional lenders focused primarily on profit, Accion Opportunity Fund's mission-driven approach means they can provide funding solutions to entrepreneurs who might be overlooked by conventional financial institutions due to limited credit history, smaller capital needs, or other barriers.

What distinguishes Accion Opportunity Fund in the small business lending landscape is their comprehensive approach to supporting entrepreneurs. Beyond providing loans, they offer extensive business coaching and educational resources designed to help business owners build financial management skills, strengthen operations, and navigate growth challenges. Their personalized approach means loan officers and business advisors take time to understand each business's unique situation, offering tailored guidance alongside financing. Additionally, as a nonprofit, they can offer more flexible terms and favorable rates compared to many alternative lenders, with any revenue generated reinvested into their mission of expanding access to capital for underserved entrepreneurs.

Accion Opportunity Fund provides business loans ranging from $5,000 to $250,000 with terms typically between 12 and 60 months, accommodating various business needs from working capital to equipment purchases, inventory expansion, and commercial space improvements. Their application process is designed to be accessible, with loan officers available to provide personalized guidance throughout. While their approval process may take slightly longer than some online lenders (typically 3-5 days), this reflects their thorough but fair evaluation process that considers factors beyond just credit scores, including business cash flow, character, and overall viability. For small business owners seeking not just financing but a true financial partner invested in their success, Accion Opportunity Fund offers a uniquely supportive and mission-aligned alternative to traditional and alternative lending sources.

Customer Reviews

4.6 out of 5

Based on 870 verified customer reviews

"As a first-generation immigrant opening a small restaurant, I struggled to secure funding through traditional banks despite having a solid business plan. A community organization referred me to Accion Opportunity Fund, and the difference in approach was immediate. Their loan officer, Maria, took the time to understand my business vision, strengths, and challenges. Unlike the banks that focused solely on my limited credit history and lack of collateral, Accion looked at my industry experience, detailed business plan, and cash flow projections. They approved me for a $45,000 loan with reasonable interest rates and manageable monthly payments. What truly sets them apart, however, is the additional support. I was paired with a business coach who helped me refine my financial management practices and marketing strategy. When COVID-19 hit, they proactively reached out to offer payment flexibility and guidance on accessing relief programs. Three years later, my restaurant is thriving, and I've since secured a second loan to expand. Accion Opportunity Fund wasn't just a lender—they became a partner in my business success, providing both the capital and knowledge I needed to grow."

Restaurant Owner

Verified Customer Review