Arvest Bank Sees Success in New Program for Small Businesses

January 17, 2023

Business

Arvest Bank Sees Success in New Program for Small Businesses

NWA Daily

The Arvest Opportunity Fund was launched across Arvest’s four-state footprint in August. As of Jan. 6, the Arvest Opportunity Fund has delivered more than $1.2 million in small business loans.

  • Sub loan requirements: The Opportunity Fund is a wholly owned non-bank subsidiary providing loans and lines of credit. The loan requires recipients also receive financial education coaching for 12 months after funding.
  • Leg-up: The financial education program, delivered by professional educators and community partners, is designed to improve the financial standing of recipients to the point where they can eventually meet traditional bank lending standards.

You can read more about the Opportunity Fund HERE.

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