CDFI

Turning $50 Into a Small Business Owner’s Dream Come True

When Celeste Phillips wanted to start her own business, she turned to Bridgeway Capital, which provided her with funding and resources, thanks to support from Wells Fargo.
Article

Celeste Phillips believes that working for someone else forces you to put your own dreams on hold. But working for yourself, she said, allows you to fulfill your dreams. Read the full story and watch the video at Wells Fargo Stories.

That’s why she started Big LuLu’s Trucking LLC, a construction and hauling company in Pittsburgh.

Wells Fargo Sparks Diverse Small Business Growth Across U.S. by Fulfilling $75 Million Lending and Grant Commitment

Additional $100 million already pledged to continue support; latest funding serves rural and urban communities in Nebraska, California, New York and more
Press Release

SAN FRANCISCO, December 6, 2018 /3BL Media/ Wells Fargo & Company (NYSE: WFC) announced it has exceeded its initial $75 million commitment for the Wells Fargo Works for Small Business: Diverse Community Capital program by awarding $13 million in lending capital and grants to 19 Community Development Financial Institutions (CDFIs) in the l

Self-Help Credit Union’s Green Impact Capital

Making Money & Making a Difference
Article

[Article from the January 2016 issue of GreenMoney Journal]

Self Help Credit Union’s Green Impact Capital 

By Melissa Malkin-Weber, Sustainability Director, Self-Help Credit Union

When I finished graduate school in 1994, I wanted to build a meaningful career using my training in law and public health. More specifically, I had two major goals: to create a more sustainable planet, and to invest my money in a way that was consistent with my social justice values. Ideally, I would weave the two together.

Community Development & Revitalization - How It's Done

A dialogue on Impact Investing
Blog

A Dialogue on Community Development and Impact Investing: Featuring Ron Phillips and Ellen Golden of CEI

Ron Phillips is the founding CEO of Coastal Enterprises, Inc. (CEI), the Community Development Corporation (CDC) and Community Development Financial Institution (CDFI) based in Maine. He will be stepping down from CEI in July 2016 after 38 years. Ellen Golden is the Senior Vice President for Corporate Development and Managing Director of CEI Investment Notes. She is stepping down this month after 37 years with CEI.

Wells Fargo Invests $1,000,000 in Metropolitan Consortium of Community Developers

Investment will provide small business loans for emerging entrepreneurs
Press Release

MINNEAPOLIS, Nov. 16, 2015 /3BL Media/ – Wells Fargo & Company (NYSE: WFC) today announced it has provided a $1,000,000 Equity Equivalent Investment (EQ2) to Metropolitan Consortium of Community Developers (MCCD), a 501(c)3 organization that provides small business loans and technical assistance to emerging entrepreneurs who may be challenged to meet traditional underwriting criteria by virtue of being a start-up or those who have credit challenges and/or a shortfall of collateral.

Helping Small Businesses 'Start, Stabilize, and Grow'

Wells Fargo launches $75 million Diverse Community Capital Program
Blog

A nonprofit in Jackson, Mississippi, will use a $2 million grant from Wells Fargo to support commercial lending, outreach, and technical assistance programs for minority- and women-owned and led small businesses.

Bank of America Launches Directory Listing Sources of Capital for Small Businesses

Directory Designed to Create More Awareness of Available Funding
Press Release

CHARLOTTE, N.C., October 1, 2015 /3BL Media/ – Bank of America announced today the launch of an online community development financial institution (CDFI) directory to connect small businesses to more capital. This nationwide directory, www.bankofamerica.com/cdfi, will enable entrepreneurs and small business owners to find a CDFI in their community, creating an opportunity to access funding to help grow their businesses.

Starbucks Supports Community Development Financial Institution to Create U.S. Jobs

by Julie Fahnestock
Blog

Think back to 2011. The worst of the recession in the US is over (for some.)   It's been a few years, but you can now afford to get back to your regular patronizing of your local Starbucks.  As you order your morning caffeine the barista asks if you'd like to help Starbucks create more USA-based jobs. She hands you a red, white and blue wristband with a zinc plate inscribed with the word 'Indivisible.' The barista tells you that the bracelets are made in the USA and from 100% USA-manufactured materials.

The Tory Burch Foundation and Bank of America Partner to Support Women Entrepreneurs With Capital and Mentoring Opportunities

Elizabeth Street Capital Initiative Launches With Initial $10 Million Investment to Grow Women-owned Small Businesses and Create Communities of Entrepreneurs Across the Country
Press Release

Feb. 6, 2014 /3BL Media/ - The Tory Burch Foundation (TBF) and Bank of America today announced the launch of Elizabeth Street Capital, an initiative designed to provide early-stage women entrepreneurs in the United States with access to low-cost capital, mentoring support and networking opportunities to grow their businesses, creating communities of women entrepreneurs. 

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