Brooke Tuason-Angel, AVP Branch Manager of Wells Fargo and WEV Board Member, presented a $25,000 check to Marsha Bailey, founder and CEO of WEV, at Wells Fargo’s Goleta branch.
“Wells Fargo Bank is one of our most important partners,” said Bailey. “They’ve had a huge impact on Micro-enterprise Development in California by investing in training and loan programs like WEV across the state. In today’s funding environment, WEV is especially grateful for the core program support that Wells Fargo has provided through this grant.”
Wells Fargo Bank has been a generous supporter of WEV, providing program support for over fifteen years. They are the largest investor in WEV’s Small Business Loan Fund (SBLF) and have made major contributions to help WEV expand its program scale and capacity.
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.
About Women’s Economic Ventures (WEV)
WEV is dedicated to creating an equitable and just society through the economic empowerment of women. Since 1991, WEV has been providing self-employment training, technical assistance and microloans to primarily low-income women. Today, WEV offers a continuum of programs to help women succeed at every stage of the business lifecycle. Services include comprehensive self-employment training program, advanced training, business consulting, coaching and networking opportunities to help individuals to start, launch, grow and sustain a business. WEV’s service area includes Santa Barbara, Ventura and Kern Counties, with offices in Santa Barbara, Ventura and Frazier Park. WEV’s Small Business Loan Fund provides start-up and expansion loans to pre-bankable microenterprises. WEV was designated a Community Development Financial Institution in 1999 by the U.S. Department of the Treasury. In 2005, the Small Business Administration recognized WEV as the most productive Women’s Business Center in the nation. The WEV Web site is at www.wevonline.org.