LEXINGTON, Ky. (WTVQ/Press Launch) – Wells Fargo has chosen Neighborhood Ventures to obtain grants from its Open for Enterprise Fund, bringing almost $600,000 to Lexington, Kentucky, to assist underserved small companies keep open and protect jobs. The funding will allow these organizations to supply short- and long-term COVID-19 restoration efforts, technical help, and micro-lending packages for various small enterprise homeowners.
The Open for Enterprise Fund grant to Neighborhood Ventures will assist minority-owned small companies and entrepreneurs with very important enterprise capital, in addition to enterprise coaching and technical help. Neighborhood Ventures will supply these inexpensive lending merchandise with aggressive charges for small companies as a part of their ongoing dedication to advertise the worth of entrepreneurship in Kentucky communities.
“The Open for Enterprise Fund enlists the care and experience of organizations like Neighborhood Ventures to urgently help the small enterprise group and to assist navigate entrepreneurs again to development.” stated Jenny Flores, head of Small Enterprise Development Philanthropy. “Small Enterprise homeowners encourage us with their resilience. It’s incumbent on all of us to assist allow an inclusive financial restoration for these entrepreneurs and the neighborhoods they assist.”
“The Wells Fargo Open for Enterprise funding will permit us to supply technical help and supply very engaging rates of interest to small companies recovering from the financial affect of the Covid Pandemic. The flexibility to entry engaging financing is essential to small companies making an attempt to rebuild stock, improve expertise, or broaden,” says Brenda Weaver, President of Lending, Neighborhood Ventures.