Opportunity Fund, the nation’s leading nonprofit microlender to small businesses, announced new partnerships with Funding Circle, the leading small business loan platform in the United States, and Lendio, the nation’s leading marketplace for small business loans, designed to substantially increase small business owners’ access to transparent, affordable and responsible credit.
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Beginning this month, Opportunity Fund will seamlessly integrate loan offers from both Funding Circle and Lendio into its digital platform, increasing options for customers seeking responsible and affordable small business loans. Partnering with Funding Circle and Lendio ensures Opportunity Fund’s customers can turn to the nonprofit lender they trust to get a financing solution that fits their needs with a single application.
“With partners like Funding Circle and Lendio, we’re expanding our customers’ access to affordable, responsible, transparent credit. Joining forces with these small business leaders couldn’t come at a better time,” said Luz Urrutia, CEO of Opportunity Fund. “Small businesses owned by Black, Asian, and Latino families were hit hardest by the COVID pandemic. Most small businesses only have 15 days’ cash on hand to get through a shutdown order. When searching for funding to pivot, sustain, operations, and revive Main Street, small business owners need funding that is easy to access, affordable, and transparent.”
“Lendio is deeply invested in removing barriers to access to capital. With its marketplace of diversified options from premier lenders, Lendio matches small businesses quickly and precisely with the ideal loan for their needs,” said Denada Ramnishta, SVP of Lender & Partner Strategy at Lendio. “Lendio is thrilled to be joining forces with Opportunity Fund in order to better support inclusive access to capital. As we work together to identify disparities and address obstacles, we can make bigger strides toward creating the equal opportunities in lending we want to see.”
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