$84 million deployed so far has helped keep 50,000 small business jobs
Bank 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.