News

LA LISC Won $2 Million to Loan to Small Minority-Owned Businesses.

LA LISC is among the 13 Community Development Financial Institutions (CDFI) across the country selected by Wells Fargo to receive a total of $12.1 million in lending capital and grants under the Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program. This program will enable the cohort of CDFIs to increase lending, provide technical assistance and materials, and mentor diverse small business owners.

Other Diverse Community Capital awardees this year include:

Social Capital activities, conveyed by the Opportunity Finance Network, are offered to all awardees and include mentorship programs, an online learning community, working groups on particular subjects, and consultation.

We thank Wells Fargo for this partnership opportunity to support programs that encourage entrepreneurship, attract new business, diversify local retail, and stimulate employment.

If you know a small, minority-owned business that currently has a contract with municipalities or anchor institutions like universities, hospitals, or regional centers, please forward this to them and have them contact us to get additional financing to grow their operation.

Contact

Miranda Rodriguez, Assistant Program Officer
Email