bannerimg

Newsroom

BoardImg
by Sharon Garcia November 13, 2019

(SAN ANTONIO, TX) – The Wells Fargo Foundation has made a historic $10 million grant to NALCAB — National Association for Latino Community Asset Builders — to support growth-oriented lending to minority-owned businesses nationwide through a network of Latino-led nonprofit business lenders.  The new Acceso Loan Fund is designed to help diverse entrepreneurs scale to a greater size — expanding their revenue, impact on the economy and ability to provide jobs.

By sharing the grant funds equally, NALCAB, LiftFund and each of ten other CDFI (Community Development Financial Institutions) partners in the NALCAB network will be co-owners of the fund.  The Acceso Loan Fund will provide small business loans in the range of $50,000–$500,000.  Read more.

Related Posts

post
NALCAB Awarded Over $1.5MM from Minority Business ...

Posted by Sharon Garcia

...

Read more Read More

post
Community Builders of Color Coalition Announces Ne ...

Posted by Sharon Garcia

...

Read more Read More

post
NALCAB Selects Five San Antonio Organizations for ...

Posted by Sharon Garcia

...

Read more Read More

post
NALCAB Announces Grant Recipients for SBA PRIME Aw ...

Posted by Sharon Garcia

...

Read more Read More