PPP LOANS AVAILABLE!
PAYCHECK PROTECTION PROGRAM
WELLS FARGO Announces $8.35 Million in New Relief Aid
Entrepreneur Works is among the 5 local Community Development Financial Institutions selected by Wells Fargo to receive grants from its Open for Business Fund (OFB), a nationwide small business recovery effort.
The $8.35 million in new funding to these organizations will help underserved small businesses stay open, preserve jobs through short- and long-term COVID-19 resiliency efforts, and support businesses impacted by the civil unrest that took place last summer.
This new loan product, called the “Rebound Loan”, will provide low cost, flexible capital, forgivable up tp 50%, to small businesses for costs associated with reopening and rebuilding, and to refinance high interest debt incurred because of COVID-19.