Small Business Growth

Small Business Growth

Small businesses are growing, with 52% saying revenues increased over the past year, according to the WellsFargo/Gallup Small Business Index. In particular, however, diverse entrepreneurs need consistent access to capital and training to stay in the neighborhoods they love and bring well-paying jobs to the community. Wells Fargo will intensify efforts to develop and enhance technical assistance — such as business plan development, budgeting and marketing — alongside initiatives that will deliver more stability to startups and existing small businesses.

Content from this campaign

Showing Respect for Where They Come From
The American dream — rooted in struggle and resulting in achievements that benefit entire communities — continues to play out for immigrants such as Adrian Espinoza Garcia and Mariama Jallow. Garcia, originally from Bolivia, and Jallow, who was born in The Gambia, are recent business owners in Portland, Maine. Coastal Enterprises, Inc., or CEI, played an important role in the...
Feb 4, 2020 10:05 AM ET
Wells Fargo Expands Financing for Diverse Small Businesses
SAN FRANCISCO, February 3, 2020 /3BL Media/ - The Wells Fargo Foundation announces that it is providing $17.4 million to Community Development Financial Institutions (CDFIs) across the U.S. to accelerate the growth of diverse small businesses and job creation in local communities. As part of the foundation’s...
Feb 3, 2020 10:05 AM ET
NALCAB, LiftFund and Wells Fargo Announce Launch of Largest National Loan Fund for the Growth of Latino-Owned Small Businesses
SAN ANTONIO--The Wells Fargo Foundation has made a historic $10 million grant to NALCAB — National Association for Latino Community Asset Builders — to support growth-oriented lending to...
Nov 18, 2019 10:05 AM ET
A Source for Affordable Capital to Aid Small Business Growth
When Jameka Smith saw an opportunity in 2017 to shift her career from veterinary pharmaceutical sales to owning her own animal hospital, she knew she would need access to affordable capital to buy the business. Traditional financing, however, was something that proved harder to obtain than she had anticipated. “Although banks are often willing to lend to...
Jul 30, 2019 9:00 AM ET
Wells Fargo Donates Additional $7.9 Million for Small Business Growth
SAN FRANCISCO, July 26, 2019 /3BL Media/ - Wells Fargo announced another new boost to diverse small businesses today with $7.9 million in grants from its...
Jul 26, 2019 9:00 AM ET