Industry News - December 11, 2018

December 11, 2018

Wells Fargo Sparks Diverse U.S. Small Business Growth $75MM Lending, Grant Commitment 

Wells Fargo Works for Small Business: Diverse Community Capital program has exceeded its $75 million commitment by awarding $13 million in loans and grants to 19 CDFIs in the latest round of the program. 

Source: ABL Advisor 

SBA, USDA Officials Appeal to Lenders to Enhance Rural Areas 

The SBA and USDA recently teamed up to help businesses in rural America gain access to lending. Now they are reaching out to the public for the first time. 

Source: Observer - Reporter 

SBA Now Accepting Nominations for National Small Business Week Awards 

Are you a small business owner with an amazing success story to tell? If so, submit your nomination for the 2019 National Small Business Week Awards by no later than 3:00 p.m. ET on January 9, 2019. 

Source: Small Business Administration 

Senators Seek Ban on ‘Confessions’ Tactic Used by Predatory Small Business Lenders 

Two U.S. senators are seeking to outlaw the use confessions of judgment, a debt-collection practice that has devastated thousands of small businesses across the country. 

Source: Insurance Journal 

The Innovator Connecting Impact Investing to the Creative Economy 

Impact investing in the creative economy has been hiding in plain sight. Laura Callanan, founder of Upstart Co-Lab, is intertwining impact investors with the creative economy to strengthen communities and solve global problems. 

Source: Real Leaders

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