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Open for Business Fund

Helping entrepreneurs stay open for business

Grants to nonprofits that support small businesses impacted by COVID-19

The COVID-19 pandemic has made it difficult for entrepreneurs to keep their doors open, retain employees, and rebuild. Through our Open for Business Fund, we’re providing capital, technical support, and long-term resiliency programs to nonprofits that serve small businesses.

About the program

The Open for Business Fund provides support for Community Development Financial Institutions (CDFIs), and other nonprofit organizations that serve diverse small businesses, with a focus on Black, African American, Latino, Asian American, American Indian, and Alaska Native entrepreneurs. 

Through this program, we are engaging CDFIs and nonprofits to help businesses manage the economic effects of COVID-19 by providing needed capital, technical assistance, and long-term recovery and resiliency support. For a list of grant recipients, please refer to the Resources for Entrepreneurs section below.

In 2020-2021, the program will offer three unique funding opportunities:

  • CDFI Program: Supports nonprofit and community lenders (CDFIs) and special-purpose funds formed by CDFIs, providing flexible and low-cost capital to entrepreneurs.
  • Technical Assistance Program: Builds on the capacity of nonprofits that provide targeted small business technical assistance programs and services such as business planning, financial planning or management, and marketing/advertising, among other support.
  • Recovery & Resiliency Program: The Recovery and Resiliency program will  focus on long-term recovery and resiliency resources to support businesses affected by COVID-19. More information about the program will be announced later this year.

CDFI Program

The Open for Business CDFI Program is exclusively for CDFIs, CDFI intermediaries, and special purpose funds formed by CDFIs for rapid response to the economic, health, and social crisis of 2020.

The grant cycle for CDFIs is now closed.

Awardees
Congratulations to all of our CDFI program grant recipients. We are updating the list of awardees as grants are finalized. Open for Business Fund Grants (PDF)

Technical Assistance Program

The Technical Assistance Program was exclusively for nonprofit organizations that provide programs and services that support small business viability through growth, expansion, innovation, and increased productivity.

We prioritized grant requests from nonprofits serving Black, African American, Latino, Asian American, Native American and Alaska Native business owners, as these businesses have been most adversely affected by the COVID-19 crisis.

Awardees
Congratulations Technical Assistance awardees. See list of awardees here Open for Business Fund Grants (PDF).

Recovery and Resiliency Program

The Recovery and Resiliency program will focus on long-term recovery and resiliency resources to support small businesses affected by COVID-19. More information about the program will be announced later this year.

 

If you have questions, send an email to smallbusinessphilanthropy@wellsfargo.com.

Resources for entrepreneurs

If you are a business owner looking for assistance and resources, visit the Small Business Resource Center for expert insights and analysis, webinars, and guidance to support you so you can recover, rethink, and rebuild stronger.

We also invite you to explore this list of Open for Business Fund (PDF) grantees which are helping small businesses impacted by COVID-19 or consider the following resources:

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