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Wells Fargo Expands Financing for Diverse Small Enterprises. Submitted by Wells Fargo & Business

Wells Fargo Expands Financing for Diverse Small Enterprises. Submitted by Wells Fargo & Business

Wells Fargo Foundation’s different Community Capital Program invests $17.4 million to assist entrepreneurs develop 50,000 jobs

The Wells Fargo Foundation announces it is supplying $17.4 million to Community developing finance institutions (CDFIs) across the U.S. to speed up the development of diverse businesses that are small work creation in regional communities. Included in the foundation’s Diverse Community Capital system, Wells Fargo’s funds will fund brand new efforts to speed usage of money, launch mentoring programs, increase geographical reach, which help maintain significantly more than 50,000 jobs that are local. Overall, the money is anticipated to generate the opportunity for over 30,000 brand new loans to entrepreneurs that are diverse.

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