Wells Fargo's Support of Diverse and Women Owned Businesses

Wells Fargo¡¯s support of diverse

and women owned businesses

Open For

Business

Fund

Wells Fargo is donating roughly $420 million

($250 million for capital to CDFIs, $50 million for technical

assistance, and $100+ million for long-term resiliency programs)

41K

projected

businesses

being helped

84%

projected to reach

diverse small

business owners

7.5M

anticipated hours of technical

assistance to small business owners

? 2021 Wells Fargo Bank, N.A. All rights reserved.

$234M

117K

projected jobs

maintained

grants paid to date*

(*August 2020 June 2021)

$1B

anticipated financing for

small business owners

Wells Fargo¡¯s support of diverse

and women owned businesses

Paycheck Our participation in the PPP has helped 282,000 small businesses

Protection get the funding they need to keep 1.7 million people at work*

Program

282K

1.7M

85%

jobs represented

$50K

average loan

size

loans booked

from companies with fewer

than 10 employees

42%

of PPP loans going

to small businesses

located in either

LMI or MajorityMinority census

tracts.

$14B

in total lending

$50M

invested in Black owned Minority Depository Institutions (MDIs) part of our

commitment to support MDIs with capital and technical assistance for Black and

African American homeowners, small businesses, and individuals.

in Wells Fargo Diverse Community Capital (DCC), to empower diverse

$175M invested

small business owners to grow and sustain local jobs.

? 2021 Wells Fargo Bank, N.A. All rights reserved.

*PPP data from Program inception in 2020 through 6/9/2021

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