- July 7, 2021
- Posted by: Stratford Team
- Category: Business
If your business missed out on Paycheck Protection Program loans, there are still alternatives to help small businesses survive until the COVID-19 pandemic ends, a top Wells Fargo official in Colorado said.
El Paso County opens second round of Regional Business Relief Fund grants for small businesses, nonprofits
The banking giant created the Wells Fargo Open for Business Fund from the $420 million in fees it collected from the Paycheck Protection Program that has been funneled to specialized lenders and nonprofits to provide low-cost funding to entrepreneurs, said Brandon Meredith, Wells Fargo’s small business banking leader for Colorado. The fund is focused on businesses owned by Black, African American, Latino, Asian American, American Indian, and Alaska Native entrepreneurs.
Paycheck Protection Program reopens…