Credit Cards (US)
How to apply for the Accion Opportunity Fund?
Learn how the Accion Opportunity Fund application works so you can get affordable and flexible loans to grow your small business.
by Aline Augusto
Accion Opportunity Fund application: receive a quote within minutes
Accion Opportunity Fund offers affordable loans for small businesses. This non-profit lender focuses on helping diverse people and minorities.
The amounts offered range from $5,000 to $100,000, and APR can be as low as 5.99%. Also, the terms are transparent and flexible, with no prepayment penalty fees.
The application considers all credit and low-income business owners. Furthermore, AOF provides assistance, and a whole package of resources, including Coaching Hub and Learning Programs.
Online Application Process
Accion Opportunity Fund offers multiple products for those who need affordable loans to overcome obstacles.
Applying is easy and fast. Also, you can get access to an advisor to help you out through the application process.
Firstly, you need to enter the amount you want.
Then, provide your contact to receive a lending option.
It doesn’t matter if you have less-than-perfect credit or are low-income. AOF focuses on helping diverse people and minorities to access financial solutions to grow their businesses.
Application Process using the app
Unfortunately, there is no mobile app available. However, Accion Opportunity Fund offers phone or email advisory support.
Accion Opportunity Fund vs. OnDeck Business Loans
Accion Opportunity Fund offers affordable and fantastic lending options for small businesses. This non-profit lender focuses on diverse people and minorities with low-to-moderate income.
In addition, the amounts offered range from $5,000 to $100,000.
However, if you need more money to grow your business, OnDeck Business Loans might be worth considering.
Check out the comparison below!
|Accion Opportunity Fund||OnDeck Business Loans|
|APR||As low as 5.99%||Starts at 29.90%|
|Loan Purpose||Business||Businesses that need capital|
|Loan Amounts||From $5,000 to $100,000||From $5,000 to $250,000|
|Credit Needed||All credit scores are considered||600 (fair)|
|Terms||It depends on your offer||Up to 24 months|
|Origination Fee||Not disclosed||From 0% to 4% on the total loan amount|
|Late Fee||Not disclosed||It may apply depending on the conditions and terms settled|
|Early Payoff Penalty||None||None|
Now, find out more about OnDeck Business Loans by accessing our next post with step-by-step on how to apply for it!
Why do budgets matter? 15 simple tips to improve your finances
Do you want to make the best of your income? Here are 15 tips to help you improve your finances and understand why budgets matter so much!Keep Reading
Stratus Rewards Visa Credit Card review
Check out our Stratus Rewards Visa Credit Card review to learn everything there is to know about one of the most exclusive cards in the worldKeep Reading
You may also like
Aspire® Cash Back Reward Card application: how does it work?
Are you wondering if you qualify for an Aspire® Cash Back Reward Card? You've come to the right place. Learn the ins and outs to apply for this card. Read on!Keep Reading
Citrus Loans review: how does it work and is it good?
Learn about a simple and fast way to get approved for a loan in the Citrus Loans review. Find out more about online lenders, with no hidden fees and an easy application process.Keep Reading
Learn to apply easily for the Veterans United Home Loans
Veterans United Home Loans assists those who have served the country. Find out how to take advantage and apply with 24/7 support! Read on!Keep Reading