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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.
You will be redirected to another website
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!
OnDeck Business Loans review
Read on this OnDeck Business Loans review to learn how this lender can help your small business to grow and expand.
Aline Augusto
Aline Barbosa
Senior Editor
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