Wells Fargo’s Community Lending & Investment team finances approximately 150 CDFIs of all sizes across the country with patient capital and lines of credit, allowing them to fund small and micro businesses, affordable housing and community facilities. The Wells Fargo Diverse Community Capital (DCC) program is a $175 million commitment to CDFIs to build their capacity to lend to and provide technical assistance to diverse small business owners. Since its inception in 2015, the DCC program has helped more than 90 CDFIs make 125,000 loans and deliver 1.8 million hours of technical assistance, enabling diverse entrepreneurs to sustain more than 195,000 jobs* in rural and urban markets nationwide.
*As reported by Opportunity Finance Network, 2016-2019.
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