Southern California Open

Wells Fargo Introduces Small Businesses to Alternative Options for Financing and Technical Assistance

Retrieved on: 
Tuesday, April 19, 2022
Small Business, Banking, Professional Services, Finance, Housing, News, Small business, Corporation, Investment banking, Wealth, Woman, U.S. Securities and Exchange Commission, COVID-19, Community development, Security (finance), Grassroots Business Fund, Community, Annual report, Wells Fargo, Community Development Financial Institutions Fund, SVP, Investment management, Ellington, Environment, NDC, Southern California Open, Forward-looking statement, NYSE, Investment, Development aid, Multimedia, Black, WFC, CDFI, Commercial bank, Bank

Today, Wells Fargo announces the Small Business Resource Navigator , an online portal helping connect small business owners to potential financing options and technical assistance through Community Development Financial Institutions (CDFIs) across the country.

Key Points: 
  • Today, Wells Fargo announces the Small Business Resource Navigator , an online portal helping connect small business owners to potential financing options and technical assistance through Community Development Financial Institutions (CDFIs) across the country.
  • View the full release here: https://www.businesswire.com/news/home/20220419005742/en/
    Wells Fargo Introduces Small Businesses to Alternative Options for Financing and Technical Assistance (Photo: Wells Fargo)
    As the uncertainties of the COVID-19 pandemic persist, small businesses continue to need our help, said Derek Ellington, head of Small Business at Wells Fargo.
  • We see a lot of value in supporting a resource like this to help small businesses connect to as many options as possible.
  • Since 2015, Wells Fargo has provided more than $500 million in philanthropic grants and investments to CDFIs that help underserved small businesses.

SkysTheLimit.org ("Sky's the Limit") Receives $320,000 Wells Fargo Grant to Help Get Small Businesses Back to Growth

Retrieved on: 
Wednesday, December 15, 2021
Grassroots Business Fund, Education, Latinx, Community development, Small business, Growth, Woman, Mentorship, Marketing, Community development financial institution, Color, Beauty, Limit, Alaska Natives, Program, Wells Fargo (1852–1998), Food, Gaza Sky Geeks, Entrepreneurship, Southern California Open, Tutoring, Management

From preparing bank and grant applications to setting up legal structures; to business planning; to product development, marketing, and more, Sky's the Limit entrepreneurs are better equipped to get back to growth. Plus, free business mentoring from trusted, vetted professionals helps these entrepreneurs build confidence and experience a safe place to practice and develop the many critical skills needed for long-term success -- helping small business owners recover and emerge from the pandemic even stronger and more resilient.

Key Points: 
  • OAKLAND, Calif., Dec.15, 2021 /PRNewswire-PRWeb/ -- As the California economy picks up and more small businesses pivot from surviving to thriving, Sky's the Limit has been awarded a $320,000 grant from the Wells Fargo Open for Business Fund to help small businesses get back to growing again.
  • 70% self-identify as women and 80% as people of color -- 61% self-identify as Black and 12% as LatinX.
  • As many as 85% report low or no income when they join, making the urgency of what we do that much greater.
  • After joining, entrepreneurs can also connect with peers who are developing businesses across all industries, including fashion and apparel, beauty and food.

MAF Receives $350,000 Wells Fargo Grant

Retrieved on: 
Friday, December 10, 2021
COVID-19, Wells Fargo, Pembrokeshire Action To Combat Hardship, SAN, Paycheck Protection Program and Health Care Enhancement Act, Latinx, Wells Fargo (1852–1998), Color, Weather, Southern California Open, Small business, MAF, Grassroots Business Fund, GLOBE, Tutoring

SAN FRANCISCO, Dec. 10, 2021 (GLOBE NEWSWIRE) -- MAF has received a $350,000 grant from the Wells Fargo Open for Business Fund to help people of color and immigrant entrepreneurs adapt and rebuild from the pandemic.

Key Points: 
  • SAN FRANCISCO, Dec. 10, 2021 (GLOBE NEWSWIRE) -- MAF has received a $350,000 grant from the Wells Fargo Open for Business Fund to help people of color and immigrant entrepreneurs adapt and rebuild from the pandemic.
  • With generous funding from Wells Fargo, MAF is providing zero-interest loans up to $2,500 paired with technical assistance to small business owners across California.
  • "With support from the Wells Fargo Open for Business Fund, we're ensuring these micro-enterprises have the resources they need not only to sustain their businesses, but grow them."
  • Having access to trusted experts can be a critical turning point for small business owners facing financial hardships and other business challenges," said Christina Pels-Martinez, region bank president, Wells Fargo.

Caravanserai Project Announces 4th Seed Lab Pre-Accelerator Cohort

Retrieved on: 
Thursday, November 18, 2021
Southern California Open, Social entrepreneurship, School, Workforce, Engagement, Housing, US Global Development Lab, UCR, SEED, Partnership, Strategic planning, Founder, Health, Fellows, Solution, Education, Food security, University, Veteran, Cohort, Program, Organization, Small business, Life, Grassroots Business Fund, Management

PALM SPRINGS, Calif., Nov. 18, 2021 /PRNewswire/ -- Caravanserai Project announced the fourth cohort of mission-driven startups slated to participate in their Social Entrepreneurship, Engagement and Development Lab Pre-accelerator (SEED Lab).

Key Points: 
  • PALM SPRINGS, Calif., Nov. 18, 2021 /PRNewswire/ -- Caravanserai Project announced the fourth cohort of mission-driven startups slated to participate in their Social Entrepreneurship, Engagement and Development Lab Pre-accelerator (SEED Lab).
  • Caravanserai Project is committed to identifying, mobilizing, and supporting mission-driven leaders to build sustainable and future-ready ventures, for profits and nonprofits.
  • It is even more inspiring when in each cohort women represent the majority of our fellows," said Mihai Patru, Caravanserai Project Executive Director.
  • SEED Lab Pre-accelerator is an 8-month intensive program designed by Caravanserai Project and implemented in partnership with University of California Riverside- Extension.

NMSDC Business Consortium Fund Announces $10,000 to $100,000 Microloans for Minority Business Owners

Retrieved on: 
Tuesday, November 9, 2021
BCF, Community development, Color, Grassroots Business Fund, CDFI, United States Department of Commerce, Technology, Treasury, Growth, Telephone, Small business, Community development financial institution, Investment, Southern California Open, Wells Fargo

NEW YORK, Nov. 9, 2021 /PRNewswire-PRWeb/ -- The NMSDC Business Consortium Fund (BCF) and the National Minority Supplier Development Council (NMSDC) today announced the launch of a series of new microloan products exclusively serving businesses owned by people of color.

Key Points: 
  • NEW YORK, Nov. 9, 2021 /PRNewswire-PRWeb/ -- The NMSDC Business Consortium Fund (BCF) and the National Minority Supplier Development Council (NMSDC) today announced the launch of a series of new microloan products exclusively serving businesses owned by people of color.
  • BCF is deploying microloans ranging in size between $10,000 to $100,000 per borrower with interest rates as low as three percent.
  • "Our collaboration with Wells Fargo and the National Minority Supplier Development Council allows BCF to deepen our capital commitment to business owners of color," said NMSDC Business Consortium Fund President Sahra S. Halpern.
  • The simplified application process only requires:
    Business Consortium Fund invites business owners to visit the BCF website, https://www.bcfcapital.com , to start the application process.

Pathway Lending Receives $1 Million Wells Fargo Grant To Accelerate Job, Revenue Growth Among Tennessee Minority-Owned Small Businesses

Retrieved on: 
Friday, September 24, 2021
Wells Fargo, Grassroots Business Fund, Oprah's Favorite Things, Initiative, Investment management, Pathway, News, Treasury, Ownership, WFC, Investment banking, Fortune, Growth, Housing, Corporation, Foundation, U.S. Army Community Relations, Southern California Open, U.S. Department of Defense Strategy for Operating in Cyberspace, CDFI, Commercial bank, Color, Organization, U.S. Department of the Treasury, Office of Inspector General, NYSE, Christian Brothers University, Wealth, Education, Pharmaceutical industry, Bank, Financial adviser

Wells Fargo provided the grant to Pathway Lending as part of its Open for Business Fund, a roughly $420 million small business recovery effort aimed at supporting entrepreneurs across the U.S. to recover and rebuild after the pandemic.

Key Points: 
  • Wells Fargo provided the grant to Pathway Lending as part of its Open for Business Fund, a roughly $420 million small business recovery effort aimed at supporting entrepreneurs across the U.S. to recover and rebuild after the pandemic.
  • "We know small businesses are the heartbeat of our communities," said Wells Fargo Senior Vice President and Community Relations Senior Consultant Paula Beck.
  • To date, Pathway Lending has invested an average of $70,000 in funding to eight, Black-owned Memphis area small businesses.
  • Since 2015, Wells Fargo has provided Pathway Lending with nearly $1.77 million in grants through the Wells Fargo Foundation and the Open for Business Fund.