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Bottom line: Opportunity Fund is best for small businesses that may struggle to get a business loan from traditional lenders, such as food trucks and restaurants. But consider another provider if you want to know the loan rate before you apply.
$2,600
Min. Amount
$250,000
Max. Amount
Product Name | Opportunity Fund business loans |
---|---|
Min. Amount | $2,600 |
Max. Amount | $250,000 |
Loan Term | 12 to 60 months |
APR | Not stated |
Requirements | Not stated |
Review by
Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.
Opportunity Lender offers business loans to underserved groups and looks beyond the standard underwriting criteria by looking at the borrower’s whole picture, including obstacles you’ve overcome and how your business makes a positive impact on the community.
But its loans may not be available in your state. And it’ll take a few days to get approved and a few more days to get the funds.
Depending on your application, you'll have between 12 to 60 months to repay your loan. But if you miss a payment, you'll get hit with a late fee.
Opportunity Fund interest rates aren't readily available. One customer reports he was knee-deep in the application process before he found out his loan details. Fortunately, there's no application fee, so to see what you may qualify for will cost some time and a hard check of your credit.
Amounts can range from $2,600 to $250,000, though the minimum amount changes depending on your state. Use the calculator below to get an idea of what your monthly payments might look like.
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See how Opportunity Fund stacks up against other business lenders.
Opportunity Fund doesn't have a large digital footprint on review boards across the web. Some users are happy with the competitive interest rates they received, while others complain about poor customer service and loan agents who aren't as knowledgeable as they would like.
Currently, Opportunity Fund doesn't have a Better Business Bureau or Trustpilot page. Reviews are sourced from its Facebook profile and BestCompany.com page.
Since Opportunity Fund operates slightly differently from a traditional lender, it looks beyond your business's financials to cater to underserved applicants, including — but not limited to — women, people of color, recent immigrants and low-income borrowers. Here's what Opportunity Fund looks for:
Most small businesses need to contact Opportunity Fund by phone to start the application process. Businesses in California can also apply in person or online.
After you apply, you'll hear back with a decision within three to five business days. And once approved, you should see funds in your account within two to five more business days.
Opportunity Fund distinguishes itself against other lenders by offering funding that's based on more than just your credit score. It also:
Despite its limited online presence, Opportunity Fund is a legit lender. It has three physical offices in California and works with Lending Club to finance business loans in multiple states.
And while it doesn't currently offer Small Business Administration (SBA) loans, it is a preferred SBA partner.
Not sure if Opportunity Fund is right for you? Take the time to consider other business lenders that may help grow your business.
Answers to commonly asked questions about Opportunity Fund business loans.
You can pay your bill by:
You can use your loan for many business purposes, including purchasing new equipment and debt refinancing.