Tag Archives: Wells Fargo Arizona

5 C's of Credit

Wells Fargo Arizona No. 1 SBA lender in dollars

Wells Fargo & Company (NYSE: WFC), America’s No. 1 small business lender, today announced it is the No. 1 Small Business Administration (SBA) 7 (a) lender in Arizona in amount of dollars for the seventh consecutive year and tied for #1 in terms of number of loans  approved.  Wells Fargo approved $75 million dollars and 176 loans to Arizona businesses from Oct. 1, 2012 and Sept. 30, 2013.

“Wells Fargo has a long history of supporting the growth of Arizona’s small businesses and providing credit to meet their financing needs,” said Jim Valley, SBA regional sales manager for Wells Fargo Arizona.  “We believe that the flow of new loan dollars into our communities represents a very powerful statement for job creation and economic development, and we are pleased to provide financial support that gives business owners the funds they need to grow their businesses, retain employees and continue to create new jobs in our community and across the country.”

Among the customers who Wells Fargo helped become business owners with an SBA loan are military veterans Bradley and Barbara Frey of Tucson, Ariz. The couple secured an SBA 7(a) loan to buy a mobile home parts manufacturing business, M&M Home Supply Warehouse, earlier this year.

“My wife and I have always dreamed of running our own small business together,” said Brad Frey. “As new small business owners, it was a daunting task to get our business up and running, but Wells Fargo helped us from the beginning and is a significant reason why we are thriving. My wife and I had tears of happiness when we were signing our loan documents because we could not believe our dream was now a reality.”

Nationally, Wells Fargo approved a record $1.47 billion in Small Business Administration (SBA) loans in federal fiscal year 2013 (Oct. 1, 2012 – Sept. 30, 2013) and for the fifth consecutive year is America’s leading SBA 7(a) lender in dollar volume. This is the third year in a row that Wells Fargo has approved more than $1 billion in SBA 7(a) loans to small business owners – the only lender to achieve this milestone.  An SBA preferred lender in all 50 states, Wells Fargo also is the second largest SBA lender in units extending 3,481 SBA 7(a) loans in federal fiscal year 2013.

Wells Fargo is the No. 1 SBA 7(a) lender in dollars in 12 states: Arizona, California, Colorado, Florida, Georgia, Iowa, Minnesota, New Mexico, Pennsylvania, South Dakota, Texas and Virginia – and the No.1 SBA 7(a) lender in number of loans (units) in 11 states: Alaska, Arizona (tied), California, Colorado, Florida, Georgia, Nevada (tied), New Mexico, South Carolina, South Dakota and Virginia.

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Wells Fargo hosts Home Preservation Workshop

Wells Fargo & Company is hosting a free Home Preservation Workshop in Phoenix for Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo has invited more than 2,600 mortgage customers in the Phoenix area to the free workshop which will be held on Tuesday, April 23 from 9 a.m. – 7 p.m., at the Phoenix Convention Center, South Building Ballroom, 33 South 3rd St., in Phoenix.  Parking and attendance are free.

Walk-ins are welcome, but registration is strongly recommended in order to guarantee the ability to meet one-on-one with a representative.  Sign up by midnight on Sunday, April 21, at www.wfhmevents.com/leadingthewayhome. For more information call 1-800-405-8067.

“Although less than two percent of homeowner-occupied loans in our servicing portfolio have resulted in foreclosure sale over the past year, we understand that some of our customers are going through difficult times during this economic recovery,” said Pam Conboy, Lead Regional President for Wells Fargo Arizona.  “During this free workshop, Wells Fargo home mortgage customers who are faced with payment challenges will have the opportunity to meet face-to-face with our home preservation specialists to explore the options available to them.  Our goal with this event is to help as many people as possible preserve their homes.”

This is the fifth Home Preservation Workshop Wells Fargo has hosted in Arizona, and the fourth in Phoenix since 2009.

About 75 Wells Fargo home retention team members – including bilingual specialists – will be on hand at the upcoming workshop to assist customers. Where possible, borrowers will receive a decision on a workout, loan modification, or other options, on site or shortly following the workshop.

Options include Wells Fargo’s own loan modification program and the federal government’s Home Affordable Modification Program (HAMP). This will be the eighth scheduled workshop Wells Fargo will host in 2013. Wells Fargo has met with more than 40,000 customers at 89 Home Preservation Workshops since Sept. 2009 nationwide.

Customers across the country facing mortgage payment difficulties can also call 1-800-678-7986 for more information about potential options to avoid foreclosure.

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Newtown CDC Receives $150,000 Grant from Wells Fargo

Wells Fargo announced it has donated $150,000 to Newtown Community Development Corporation as part of $6 million in grants awarded across 59 nonprofits through its Leading the Way Home Priority Markets Initiative to help stabilize and revitalize neighborhoods hard-hit by the economy.   The Leading the Way Home Priority Markets Initiative provides grant support for neighborhood stabilization projects that are located in areas designated for revitalization to stimulate growth, stability and investment in distressed areas.

The grant will help to provide down payment assistance toward the purchase of vacant REO properties in Chandler and help fund the Newtown CDC’s Recoverable Rehab Loan Program that provides home rehabilitation loans for CLT homes in Tempe and Chandler.

“Community support is at the heart of our Vision & Values and these grants will help stabilize, rebuild and sustain local communities,” said Pam Conboy, lead regional president for Wells Fargo Arizona.  “We are so pleased to assist Newtown Community Development Corporation in their efforts to provide affordable housing and revitalize neighborhoods in the East Valley.”

“We are delighted to receive this generous grant from Wells Fargo,” said Allen Carlson, executive director of Newtown Community Development Corporation.  “It will go a long way to helping us in our mission to provide homeowners with the assistance they need receive much needed rehabilitation loans and help qualified prospective and existing homeowners receive down payment assistance.”

Newtown CDC was selected from requests submitted by local team members and nonprofits Wells Fargo identified as being in need of extra help with large-scale neighborhood revitalization projects.

Wells Fargo’s Leading the Way Home community outreach program helps communities stabilize their current housing situation while advancing homeownership to build strong communities into the future.  From 2008 through October 2012, Wells Fargo has invested more than $148 million in community revitalization programs and $40 million in support of housing and credit counseling services.

The Leading the Way Home Priority Markets Initiatives are administered through the Wells Fargo Housing Foundation. Since 2009 the Leading the Way Home Priority Markets Initiative grant program has provided more than $18 million to more than 75 communications.  Since its inception in 1993, the Wells Fargo Housing Foundation has stewarded nearly $200 million and 4.5 million team member volunteer hours in support of creating affordable housing and community revitalization programs.  Wells Fargo Housing Foundation’s Team Member Volunteer Program has mobilized more than 175,000 volunteers to build or refurbish 4,0oo homes in low-to-moderate income communities.  In 2011, Wells Fargo Housing Foundation programs delivered a record 1,245 donated properties to support local affordable housing and community revitalization programs.