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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