Today, BOC Capital Corp. is honored to receive the Diverse Community Capital Program Award from Wells Fargo, as part of Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program.
Wells Fargo has successfully supported more than 150 Community Development Financial Institutions (CDFIs) across the country in both rural and urban communities to support their missions in financing affordable housing, community facilities, and small and micro businesses. The DCC program will be providing BOC Capital Corp. the opportunity to continue lending to diverse small business owners, supporting initiatives that increase access to capital and resources (such as technical assistance, marketing, outreach), and helping more diverse small business owners get the coaching and education resources they may need.
In 2017, to help more small businesses achieve financial success, Wells Fargo began to distribute an additional $100 million in grant capital to support CDFIs serving small businesses by introducing the Wells Fargo Works for Small Business. As a Community Development Financial Institution (CDFI), BOC Capital Corp. is dedicated to delivering responsible, affordable lending to individuals who are primarily low-income, minority, women, immigrant, or refugee/asylee to help grow their small businesses and communities.
BOC Capital Corp., is one of the few celebrants who will be receiving the Diverse Community Capital Program Award. The program makes millions available in lending capital and grant capital to be disbursed over a 3 year term through the Wells Fargo Works for Small Business.
Congratulations BOC Capital! Let’s continue to build our community!