Wells Fargo is a financial services company. Based in the United States, it has consumer finance subsidiaries doing business in Canada, the Northern Mariana Islands and the Caribbean. Over the past four years it has increased its small business lending by more than 30 percent. It is presently extending $18 billion to small business owners nationwide with loans under $100,000. For the fourth year in succession, Wells Fargo leads this category. It extended more than 680,000 loans nationwide with the average loan size being $26,000.
Wells Fargo is ranked No. 1 for loans under $100,000 in 19 states and is also number one lender to small businesses in low- and moderate-income neighborhoods. To its credit it has more than 137,000 loans totaling more than $3.7 billion.Read More