Worst experience with a lender ever! Miscommunication between the underwriter and the loan advisor. Refused to let me speak to a manager to clarify. I provided all information yet weeks later despite approving they were still questioning. I have a high FICA and many years in business. Unbelievably dafamatory and insulting company. Run don’t walk away from this Opportunity.
Opportunity Fund is a truly innovative organization that is dedicated to phenomenal results for the low-income clients they serve. They did a 2 year longitudinal study following the people who graduated from their savings program. 75% of program graduates continue to save today — saving an average of 10% of their annual income. Equally exciting, 70% of those savers had opened savings accounts for their children, pointing towards a generational change in financial knowledge.
I applied for a business loan for a 10k to hire one employee and to buy some equipment for my business. I had a face to face interview, sent all the required docs and my credit score is 700. I contacted Opportunity fund like 5 times regarding my app. nobody responsed to me for about a month and eventually they declined my app. because they're not sure if I'm able to pay about $150 monthly payments with my salary of 50k and the profit from my business!!! So, my advise to you guys DO NOT WASTE YOUR TIME, and try to find another lender.
Thanks to the Opportunity Fund I was able to finally put my finances together and achieve a better credit score. They also helped me save for the start-up cost for my business and provided me with a micro-loan to help my business grow. Thank you so much Opportunity Fund for the wonderful work that you do.
Opportunity Fund is a warm approachable lender that helps you realize your dreams and potential. With them, it didn’t feel as if there was this gatekeeper saying, ‘You can’t have, and you can’t succeed.'
I personally do not know where to begin about LCD, now called Opportunity Fund. Where do you start to explain how a company can allow you to put your dreams into action, when all you need is a financial boost? They have been more than helpful, proactive, and an honest company. LCD became our family and I cannot thank the staff enough for taking an interest in our events and ACTUALLY coming out to support. Thank you Opportunity Fund! It's about more than money!
Opportunity Fund (then known as Lenders for Community Development) not only mentored me through the loan qualification process to purchase my small business, but also helped me secure a line of credit with a traditional bank. As I succeeded and stumbled in my first few years, they provide legal resources, education, and helped me start a savings program for my future.
Having volunteered with Opportunity Fund for a year, I can attest to the difference that it really makes in the lives of Bay Area residents. The Bay Area is one of the most expensive areas to live in the US, and Opportunity Fund is extremely helpful to lower income residents. However, it is not just helpful in that it provides loans - it also provides financial education and helps people save money for bigger investments, something they might not be able to do on their own. I volunteered at an Opportunity Fund evening benefit where guests included partners and IDA clients. Everyone seemed so committed to building a community.