Wells Fargo to lend $100 billion to small businesses by 2018

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Nancy Wong, Senior Vice President and Integrated Marketing Manager for the Asian Segment in Enterprise Marketing at Wells Fargo (Courtesy Photo)

NEW YORK (NNPA)—Wells Fargo has officially launched its newest initiative geared specifically at budding entrepreneurs looking to help their small businesses grow, entitled Wells Fargo Works for Small Business.
The initiative was unveiled this past weekend, at the first-ever South Asian Young Women Entrepreneurs (SAY WE) conference that took place at the Condé Nast building in Times Square on May 17. Wells Fargo was a key sponsor of the SAY WE conference, helping to foster entrepreneurial spirit in the South Asian community.
“We know that the Asian small business community is the first one to achieve entrepreneurial parity,” said Nancy Wong, Senior Vice-President of Wells Fargo’s Asian Segment Manager. “We have seen the momentum grow in very specific regions, specifically the tri-state area [New York, New Jersey, Connecticut] and California.”
Wells Fargo, which has been the largest small business lender for the last 11 years, also announced their goal of lending $100 billion to small business by 2018.

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