03-19-2018  5:40 am      •     
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Yohlunda Mosley Named PSU’s New Assistant VP for Enrollment

New Assistant VP for Enrollment gets started at PSU on March 19 ...

Portland Parks & Recreation Celebrates Refugees & Immigrants March 16

Event takes place at East Portland Community Center ...

Rental Services Listening Session

Help shape Portland's rental housing policy ...

Oregon Historical Society Announces March Calendar of Events

Events include Latinas in Oregon History, Untold Stories of the Civil Rights Movement ...

Main Street Alliance of Oregon Hosts Small Business Candidate Forum

City council candidates discuss plans for small business community ...



Access to Safe, Decent and Affordable Housing Threatened

Trump era rollbacks in lending regulations could make life harder for Blacks in the housing market ...

Civility on Social Media Is Dead

Bill Fletcher discusses the lack of penalties for obnoxious behavior on social media ...

The Rise of the New Congolese Resistance

Protesters calling for free and fair elections have been met with violence by the Kabila government ...

The Student Loan Debt Crisis is a Civil Rights Issue

For Black students, the increased risk of defaulting on student loans is the direct result of inequities in financial resources ...



By The Skanner News

Wells Fargo has lent more than $25 billion to women business owners since establishingitsWomen's Business Services program in 1995.

With an average loan size just under $40,000, Wells Fargo has extended more than 600,000 loans to women business owners in the last 10 years.

"It is very exciting that we have arrived at a point where women business owners are recognized and appreciated for the very important contributions they make to the U.S. economy," said Rebecca Macieira-Kaufmann, executive vice president and head of Wells Fargo's Small Business Segment.

"Wells Fargo recognized early on the power, drive and potential of women entrepreneurs," she said. "Surpassing the $25 billion mark is a tribute to women business owners who have allowed us to be a part of their amazing success. The last 10 years have been a great journey, and we can't wait to see what the next 10 will bring."

Wells Fargo's Women's Business Services program was established in September 1995 to build relationships with women business owners and provide them with increased access to capital and financial services.

According to the latest economic census data, between 1997 and 2002, the number of women-owned businesses grew 20 percent, nearly twice the rate of all privately held businesses.

To learn about the evolving landscape of the women business-ownermarket, Wells Fargo partners with organizations like the Center forWomen'sBusiness Research. Wells Fargo is a leading advocate in sponsoring industry research that examines the financial and personal characteristics of women business owners.

"Wells Fargo transformed the world of finance for women business owners when it launched the first-ever business services program for women-owned businesses," said Marjorie Alfus, chair of the Center for Women's Business Research. "As the history of women's entrepreneurship is written, Wells Fargo always will be honored for bringing economic credibility to women business owners — not only in the financial industry, but throughoutcorporate America."

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