Denver-based Colorado Enterprise Fund (CEF), an OFN member, was awarded $350,000 in grant funds and $1 million of lending capital through the Wells Fargo Works for Small Business: Diverse Community Capital program.

The Diverse Community Capital program awards lending capital and grants to Community Development Financial Institutions (CDFIs), like CEF, which in turn deliver responsible, affordable financial products to diverse small business owners who do not typically have access to conventional financing. Wells Fargo has now exceeded its initial $75 million commitment for the Diverse Community Capital program, and an additional $100 million from the Wells Fargo Foundation has already been pledged to continue the program at least into 2020.

Read the full press release for more. 

 

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