AMPAC Receives $200,000 grant from Wells Fargo Bank
Wells Fargo’s $200,000 grant to AMPAC is the largest community development financial institutional grant in the Inland Empire. As part of Wells Fargo’s Economic Opportunities Grant program, it provides funding to help financial institutions assisting with community development and small businesses. These monies will help prominently African American and Latino communities.
Since its certification as an SBA lender in 2007, AmPac has financed over 135 businesses with loans totaling greater than $200 Million and created greater than 1500 new jobs in the State of California as a result of the financing.
AmPac partners with local governments and State initiatives to manage and administer micro loan programs to encourage entrepreneurship and provide low cost capital that businesses may not otherwise have access to. Today, AmPac partners with the City of Riverside and the Town of Apple Valley for a community centered loan program.