Wells Fargo gives $3M to Community First Fund to help its sm

Wells Fargo gives $3M to Community First Fund to help its small-business clients rebound from pandemic


Wells Fargo has awarded a $3 million grant to the Lancaster-based Community First Fund, which will use the money to launch a new program, the “Rebuilding Communities Loan Fund.”
By using dollars from Wells Fargo’s “Open for Business Fund,” the new Community First Fund program initially will target the Community First Fund’s existing small-business clients that incurred losses during the pandemic, giving them access to low-cost capital to rebuild their businesses.
Lending efforts will be focused on businesses that add to the vibrancy of their communities such as restaurants, stores, child care centers, barbershops/salons, grocery stores and bodegas, according to the Community First Fund.

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