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Working at Opportunity Fund Community Development

Zippia score 4.2

Overview

Revenue

Reviews

DemographicsCompetitorsCEO & Executives

Opportunity Fund Community Development overview

Industry
Finance
Revenue
$21.9M
Headquarters
Employees
25
Founded in
Website
Organization type
Nonprofit
SMALL BUSINESS LENDING PROGRAM - THE ORGANIZATION MAKES LOANS TO SMALL BUSINESSES THAT LACK ACCESS TO AFFORDABLE CREDIT FROM TRADITIONAL SOURCES. SINCE INCEPTION, THE ORGANIZATION HAS MADE OVER 19,000 LOANS TOTALING $505 MILLION TO SMALL BUSINESSES WHOSE OWNERS ARE PRIMARILY PEOPLE OF COLOR AND LOW AND MODERATE INCOME. THE ORGANIZATION OFFERS LOANS OUTSIDE OF CALIFORNIA IN FORTY FOUR ADDITIONAL STATES. MANY LOANS TO CALIFORNIA BASED BORROWERS ARE ENROLLED IN A LOAN LOSS RESERVE FUNDED BY THE STATE OF CALIFORNIA AS PART OF ITS CAPITAL ACCESS PROGRAM.THE ORGANIZATION SELLS PARTICIPATIONS IN ITS LOAN PORTFOLIO TO A FEW INSTITUTIONS. THE PURPOSE OF THESE SALES IS TO MANAGE CREDIT CONCENTRATION IN THE ORGANIZATION'S PORTFOLIO AND TO RAISE ADDITIONAL CAPITAL AS IT GROWS. LOANS ARE TYPICALLY SOLD AT A PREMIUM OVER FACE VALUE AND THE ORGANIZATION RETAINS THE SERVICING OF THE LOANS, FOR WHICH IT CHARGES A MONTHLY FEE.
Founded in 1993, Opportunity Fund Community Development is an established organization that loves to hire graduates from San Jose State University, with 33.3% of its employees having attended San Jose State University. Want to compare Opportunity Fund Community Development to some other great places to work in San Jose, CA? We suggest taking a look at Zippia's list of Best Companies to Work For in San Jose, CA.
Opportunity Fund Community Development is a small finance organization based in San Jose, CA with only 25 employees and an annual revenue of $21.9M.

Opportunity Fund Community Development's mission statement

Opportunity fund community development is the lending arm of accion opportunity fund inc. We are an unparalleled financial support system that provides small business owners in the US with access to capital, networks, and coaching.

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The team at Opportunity Fund Community Development

  • The key people at Opportunity Fund Community Development is Luz Urrutia.
Key people
Luz Urrutia

Opportunity Fund Community Development rankings

Opportunity Fund Community Development is ranked #5 on the Best Finance companies to work for in San Jose, CA list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Opportunity Fund Community Development financial performance

8.5
Performance score

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    Updated March 14, 2024

    Zippia gives an in-depth look into the details of Opportunity Fund Community Development, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Opportunity Fund Community Development. The employee data is based on information from people who have self-reported their past or current employments at Opportunity Fund Community Development. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Opportunity Fund Community Development. The data presented on this page does not represent the view of Opportunity Fund Community Development and its employees or that of Zippia.

    Opportunity Fund Community Development may also be known as or be related to OPPORTUNITY FUND COMMUNITY DEVELOPMENT and Opportunity Fund Community Development.