FAYETTEVILLE – Arvest Bank is pleased to announce the Arvest Opportunity Fund, a wholly owned non-bank subsidiary currently providing loans and lines of credit to small businesses that fall just below bank loan policy requirements. As part of the Arvest Opportunity Fund program, loan recipients agree to receive financial education coaching for 12 months after funding. 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. “We are committed to bringing opportunity through access to lending and financial education to all groups in the markets we serve,” Arvest Bank president and CEO Kevin Sabin said. “That includes the underbanked. In addition to being the right way to do business, we believe the efforts of the Arvest Opportunity Fund are crucial to the economic health, stability and security of the communities we serve.” Arvest Opportunity Fund candidates are determined when a loan application is submitted to Arvest Bank online or in person and the applicant opts in for consideration from the Arvest Opportunity Fund. If the applicant’s credit file does not meet Arvest Bank loan policy requirements, the application is automatically reviewed by the Arvest Opportunity Fund for consideration. After beta market testing in mid-2022, 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. The Arvest Opportunity Fund is led by executive director Hillis Schild, who is based in Little Rock and has more than 30 years of industry experience, including 17 in community development banking. In her role as executive director, Schild provides strategic leadership for the Arvest Opportunity Fund. Schild serves on the board of directors or advisory committees for
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