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Wells Fargo launches Small Business Resource Navigator portal


Wells Fargo on Tuesday announced the launch of an online portal designed to help small business owners connect to potential financing options and technical assistance through Community Development Financial Institutions across the country. The Small Business Resource Navigator portal was launched in collaboration with the nonprofit Community Reinvestment Fund USA, and was made possible by the Wells Fargo Open for Business Fund. “As the uncertainties of the COVID-19 pandemic persist, small businesses continue to need our help,” said Derek Ellington, head of small business at Wells Fargo. “We see a lot of value in supporting a resource like this to help small businesses connect to as many options as possible.” In 2020, Wells Fargo announced the Open for Business Fund, a roughly $420 million small business relief effort focused on small businesses hardest hit by COVID-19; grants were awarded to more than 235 CDFIs and nonprofits serving small businesses. About 85% of the small businesses served by Open for Business Fund grantees are projected to reach racially and ethnically diverse entrepreneurs.

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