Accion Opportunity Fund is a U.S.-based nonprofit microlender formed in 2020 through the merger of Opportunity Fund and Accion U.S. Network.
It provides fair and transparent loans—ranging from $5,000 to $100,000—targeted at underserved small business owners, especially women, people of color, immigrants, and low-to-moderate-income entrepreneurs.
Over 90% of borrowers fall into these groups, and the majority of supported businesses survive compared to national averages.
Beyond lending, the Fund delivers personalized coaching, digital education, webinars, and access to support networks.
Its lending arm, Accion Opportunity Fund Community Development, offers flexible repayment terms with no prepayment penalties and ensures loan capital is reinvested into communities.
With a 96% business survival rate and nearly $628 million disbursed since 2016—generating over double that in economic impact—the Fund plays a vital role in promoting economic mobility and equity for small businesses nationwide.
Application Process for Getting a Food Truck Loan from Accion Opportunity Fund
- Start with the online application, taking about 10 – 15 minutes and generating custom loan offers without impacting your credit score.
- Review and select an offer—terms range from $5,000 to $250,000 with interest rates between 5.99%–12.99%, fixed terms up to 60 months, and no prepayment penalties.
- Submit requested documents (government ID, 3–12 months of bank statements, personal/business tax returns, profit & loss statements, and business ownership paperwork).
- Underwriting & funding: decision typically arrives within days; upon approval, sign loan documents, and funds usually post a few days later.
Requirements for Getting a Food Truck Loan from Accion Opportunity Fund
Basic Eligibility
- Business tenure: Minimum 12 months in operation required for working capital; equipment loans for trucks require at least 6 months in business.
- Annual revenue: At least $50,000 in yearly sales.
- Personal credit score: Minimum FICO of 600 (some info notes 570), with other factors considered.
- Ownership stake: Applicant must own 20% or more of the business; all major owners must be included on the loan.
Required Documentation
- Government-issued ID (color copy, front and back).
- Business registration papers (e.g., articles of incorporation, EIN).
- Bank statements: Last 3 months of business banking or linked via Plaid.
- Tax returns: Personal and business for the previous year(s).
- Profit & loss statement (if applicable).
Collateral & State Availability
- Blanket lien (UCC filing) is required on assets for loans over $50,000.
- Geographic eligibility: Available in most U.S. states, except MT, ND, SD, TN, VT, and D.C.
Summary Table
| Requirement | Details |
| Business age | ≥ 12 months (or ≥6 months for truck/equipment loans) |
| Annual revenue | ≥ $50,000 |
| Personal credit score | FICO ≥ 600 (minimum) |
| Ownership | ≥ 20% stake required; all major owners must participate |
| Documentation | ID, bank statements, tax returns, P&L, business registration |
| Collateral (≥ $50K) | UCC/liens on assets |
| Eligible states | All except MT, ND, SD, TN, VT, and D.C. |
Once you meet these qualifications and prepare your documents, you will be well-positioned to apply for a food truck loan with Accion Opportunity Fund.