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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.

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by Aline Augusto

Published on 10/08/2022

Accion Opportunity Fund application: receive a quote within minutes

Apply for Accion Opportunity Fund and get the help you need. Source: The Mister Finance.
Apply for Accion Opportunity Fund and get the help you need. Source: The Mister Finance.

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. 

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Loans

Accion Opportunity Fund

flexible affordable

This non-profit lender has the best solutions for small businesses!

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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.

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Online Application Process

AOF is affordable and accessible. Source: Freepik.
AOF is affordable and accessible. Source: Freepik.

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 FundOnDeck Business Loans
APRAs low as 5.99%Starts at 29.90%
Loan PurposeBusinessBusinesses that need capital
Loan AmountsFrom $5,000 to $100,000From $5,000 to $250,000
Credit NeededAll credit scores are considered600 (fair)
TermsIt depends on your offerUp to 24 months
Origination FeeNot disclosedFrom 0% to 4% on the total loan amount
Late FeeNot disclosedIt may apply depending on the conditions and terms settled
Early Payoff PenaltyNoneNone

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

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.

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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