News Releases
$1 Million Micro-Lending Partnership Unveiled
For Immediate Release
August 9, 2010
Media Contacts: Daniel DeSantis, CEO, 226-5600 ext. 101
Geri Yang, Program Officer, 226-5600 ext. 105
$1 Million Micro-Lending Partnership Unveiled
WHO: The Fresno Regional Foundation (FRF), Wells Fargo and Valley Small Business Development Corporation have collaborated to make $1 million in loans available to local businesses and Central Valley entrepreneurs.
WHAT: The partnership, which will make possible $1 million for micro-loans available to local businesses unable to secure conventional financing, will be detailed in a news conference. The micro-loans will help hardworking entrepreneurs in the Central Valley to weather a difficult economic climate. By helping businesses, jobs will be saved and the Central Valley’s economic climate will improve. This revolving loan program will be available for 10 years and offer financing of $5,000 to $100,000.
WHEN: August 24 at 9 a.m.
WHERE: Fresno Regional Foundation lobby
Fig Garden Financial Center
5250 N. Palm Ave., Fresno
About the Fresno Regional Foundation:
The Fresno Regional Foundation is a community foundation whose purpose is to improve the quality of life in the Central San Joaquin Valley through philanthropy. It is the channel through which individuals, families, businesses, private foundations, and anonymous donors give in order to obtain the maximum impact of their philanthropy.
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