Opportunity Fund Launches $500,000 Start-Up Funding Challenge to Help Bay Area Small Businesses Get Off the Ground

San Francisco, CA (PRWEB) March 21, 2013

Today, Opportunity Fund announced their Start-Up Funding Challenge to help Bay Area businesses get off the ground. For a limited time, the organization is lending up to $ 500,000 to local start-up entrepreneurs, who are either launching their businesses or have less than a year of sales. At 7.5% interest and no loan fees, the challenge aims to offer financing that is hard to come by for most start-ups at an affordable rate.

Getting the access to necessary capital is a huge hurdle for most businesses that are starting out. And 45% of businesses fail due to lack of financing, said the groups Vice President of Lending, Marco Lucioni. With banks often unwilling to lend to start-up businesses, many people turn to friends and family, or high-interest credit cards. Opportunity Fund is seeking to help those businesses get off the ground and running, putting them in a position to succeed for the long-term.

Last years Start-Up Funding Challenge winner, Rachel Myers, started her dream business, the Home D?cor Learning Center in Concord, California. Rachel began teaching upholstery at Mt. Diablo Adult Education in 2007. In 2009 she and her students found out the program was going to be cut. Confident in the demand for her instruction, Rachel developed a business plan to offer classes on her own, but she couldnt find the funding to make it a reality until applying to the Start-Up Funding Challenge.

Rachel was able to borrow $ 30,000 in order to move into a new warehouse space. I remember being on the phone with Opportunity Fund, and I was in a state of disbelief about getting the loan. I wouldnt have been able to start this without Opportunity Fund. Or we would have gone so far into debt it would have been ridiculous, said Rachel.

Entrepreneurs like Rachel will be able to apply to Opportunity Funds Start-Up Funding Challenge through March 31st. The winners will be selected by a panel of Bay Area business and philanthropy leaders, and will be announced in April. For more information, please see http://www.opportunityfund.org/startup.


Press inquiries: Caitlin McShane, 408-512-2211 (o), 415-225-8855 (c), caitlin(at)opportunityfund(dot)org

Loan inquiries: Tim Hatfield, 408-516-4701 (o), startup2013(at)opportunityfund(dot)org

Opportunity Fund is a not-for-profit social enterprise helping thousands of California families build financial stability. Our mission is to advance the economic well-being of working people by helping them earn, save and invest in their future. Our strategy combines microloans for small businesses, microsavings accounts, and community real estate financing. Now California’s leading microfinance provider, Opportunity Fund began based on the idea that small amounts of money and financial advice could help people make permanent and lasting change to improve their own lives. Since making our first loan in 1995, our team has deployed over $ 279 million into our communities.

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Las Vegas Homes for Sale Ranked #1 Investment Opportunity in America According to LasVegasRealEstate.org

(PRWEB) August 31, 2012

Las Vegas real estate market trends for the last 90-days confirms previous rankings from CNNMoney, Inman News and MarketWatch for top 10 places to invest in real estate. August 2011 presented the largest volume of sales in 5-years with almost over 48,000 Las vegas homes and condos being purchased. While almost 50% of homes for sale in Las Vegas are being purchase all cash, the Las Vegas High Rise market is seeing 90% cash buyers. Trulia price-to-rent ratio research confirmed by LasVegasRealEstate.org places Las Vegas homes for sale as #1 in America.

Ashley McCormick of Realty One, Nevada’s #1 Las Vegas real estate company, says buyers and investors are doing their research and finding Vegas to be a global brand that is undervalued. McCarren airport is on track to have a record breaking year of over 40-million passengers with a notable increase over last years foreign traffic. Terminal 3 opened in June 2012 and is making Las Vegas more accessible to international travelers as it has become one of the most affordable hubs in the USA. Not only are more people using Las Vegas as a hub or quick get-a-way, they are buying and investing in second homes, lock-and-leave properties and cash-flow income rentals.

Las Vegas consistently makes the Top 10 lists such as TripAdvisor.com “Food & Wine Destinations” and CNBC “Most Diverse Cities”. Vegas is also becoming a popular choice for internet companies such as Zappos.com and was sited in the Top 10 cities for 4G wireless. USNews recently listed Las Vegas in the Top 10 “Sunniest Places to Retire” in which McCormick points out that there are four active-adult Sun City Las Vegas communities with homes starting as low as $ 100K. According to the annual tourism report the average Las Vegas tourist spent more and stayed longer in 2010 and 2011, a positive sign for the city’s tourism industry. With the average cost of a vacation package in 2010 at $ 651 and holding thru 2011, Vegas may be the best deal for travel and entertainment.

McCormick says that Las Vegas owes an unrecognized amount of its success to the service industry. Earlier this year at “Preview Las Vegas 2012” it was predicted that Las Vegas would have a record year for tourism of 40-million visitors and positive growth. While the low airfare and affordable luxury resorts get them to Las vegas, it’s the service industry including bellhops, valets, waitresses, bartenders and concierges that make there stay unparalleled in experience. For those investing in Las Vegas homes for sale and condos for rentals, it’s this same industry that make up a large part of the rental population filling their rental properties.

The data from the Local Market Monitor, a research firm in North Carolina, showed future return estimates in comparison to the national average projection. It revealed that real estate investors in Las Vegas will earn a 4.7% higher return on investment for properties that they rent out than the national average. Investors that are entering this real estate market may have the potential for higher profits. Some of the newer subdivisions like Lake Las Vegas have condos on the market for under $ 50,000.

In May 2011, The National Association of Realtors reported that investment home purchases had increase to nineteen percent. This was a two percent increase from 2010. A survey done by the Local Market Monitor confirmed that the profits earned by investors in Las Vegas were higher than anywhere else in the nation. The survey included 316 real estate market estimates and their return on investments. Las Vegas was among the top 10 which includes popular subdivisions such as Summerlin homes for sale.

With online property search, pictures and virtual home tours, more local buyers familiar with the area along with repeat foreign investors are shopping online. LasVegasRealEstate.org allows potential investors or home buyers to set parameters and sends alerts once a new listing or Las Vegas foreclosures comes up in that area. When they find a property they wish to acquire they can contact McCormick by email or by phone to write the contract. McCormick says it is common practice today for the entire process from loan documents, appraisals, and home inspection reports to be sent by email.

McCormick recommends online buyers at least make one trip to Vegas before jumping on the internet buying band wagon. Some visitors that are looking for a second home and want to be away from the strip may find Lake Las Vegas real estate very appealing, which is easy to overlook online. In contrast a buyer interested in a Las Vegas high rise condos for sale normally choose a tower and know exactly want they want and what view. All current Las Vegas real estate MLS listings of over 4,000+ Las Vegas homes for sale can be viewed at http://www.LasVegasRealEstate.org

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Prop2Go.com New Online Marketing Manager Is Honored by Opportunity to Join Property and Rental Software Team

Saint John, Canada (PRWEB) April 21, 2012

Lorinda is a recent Business of Applied Management graduate from the University of New Brunswick Saint John. She brings additional marketing insight and fresh ideas to the organization. Lorindas studies were focused in marketing while completing her degree. I am honored with the opportunity to be creative and learn about the operations of an on-line business.

I am looking forward to working with this tight knit group of people. My goal is to assist the company in its journey of becoming the most used online property search website in the world, said Lorinda Porter, Prop2Gos newest addition. I hope to use my recent education to its full potential and to keep an open mind while sorting through all the new and amazing online social media outlets and communication opportunities.

The company is currently implementing a marketing strategy that will make prop2go.com a household name. The increasing use of social media and commitment to client satisfaction will launch the web site into every community in North America and beyond.

Prop2go.com is a 24/7 web solutions website that is committed to assist in providing an online presence for property owners and a user friendly web site for property and apartment seekers. The company aspires to provide the greatest variety of property type searches for condo rentals, apartments for rent, houses for sale, commercial real estate and land for sale.

To find out more information about prop2Go.com or for a property search, please visit http://www.prop2go.com.

In the United Kingdom: http://www.prop2go.co.uk

In Mexico: http://www.prop2go.mx