Wells Fargo’s Open for Business Fund Boosts Access to Minority Lending
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Business Wire
$84 million deployed so far has helped keep 50,000 small business jobsBank is ready to serve more customers through the newest round of Paycheck Protection Program SAN FRANCISCO--(BUSINESS WIRE)--As many small businesses are still experiencing hardship from the COVID-19 pandemic, Wells Fargo is working to support its customers in another round of the Paycheck Protection Program (PPP) and continuing to provide additional small businesses support through its Open for Business Fund. To date, the Open for Business Fund has deployed more than $84 million in philanthropic capital to Community Development Financial Institutions (CDFIs), which has helped an estimated 16,000 struggling minority-owned small businesses and helped keep in place 50,000 small business jobs. For the next round of PPP, the company is committing not to take a profit and will continue seeking out opportunities to support small businesses most in need.This press release features multimedia. View the full release here
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News
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- WFC's page on the SEC website