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Wells Fargo Is America's No. 1 Small Business Lender For 10 Consecutive Years Based On Community Reinvestment Act (CRA) Government Data (2002 - 2011)

Stocks in this article: WFC

Wells Fargo & Company (NYSE: WFC) today announced the launch of a new Business Credit Center, offering small business owners a free online resource to learn about credit, from developing a strong application to calculating how much financing a business needs. Wells Fargo is unveiling the Business Credit Center as the company marks its 10 th year as America’s No. 1 small business lender based on the latest Community Reinvestment Act (CRA) government data (2002 – 2011) for loans less than $100,000 and less than $1 million.

“As America’s leading small business lender, we have an important responsibility to provide small business owners both access to capital, and access to the financial guidance they need before and after obtaining credit,” said Lisa Stevens, Wells Fargo lead executive for Small Business and West Coast Regional Banking president. “The new Business Credit Center is another way we support small business owners. It offers straightforward, relevant information business owners can use to better understand financing options for their businesses.”

Wells Fargo recently re-designed its Business Insight Resource Center to add the Business Credit Center, which serves as a comprehensive source for business owners to find information on a wide range of financing topics, such as preparing to qualify for credit, applying for an SBA loan, and managing credit use. The Business Insight Resource Center features videos, podcasts and articles created for small business owners. The re-designed site also has been optimized for mobile access and to provide visitors the option of customizing content they view based on years in business and business needs.

Lidia Korinko, owner of Art 2 Ink, Inc., a graphic design and printing company in Glendora, Calif., is a small business customer who obtained a line of credit through Wells Fargo this year. Korinko says she typically taps a number of sources for business financing advice, including bankers and other business owners. With little free time available, she appreciates online tools that make it easy to learn about her business financing options.

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