Rancho Visions

Orange County SBDC receives $100,000 from Wells Fargo to help Vietnamese small business owners.

A $100,000 Wells Fargo grant announced today will allow the Orange County Small Business Development Center (SBDC), an economic development program of Rancho Santiago Community College District, to continue providing business consulting and training to Vietnamese small business owners. The Orange County SBDC is among 12 community 501c3 organizations selected statewide to receive technical assistance grants Well Fargo.

The Orange County SBDC will receive $100,000 for two years. It is the third time it has received a grant through the bank’s Technical Assistance Initiative. The purpose of the initiative is to help businesses access capital and resources to support sustainable growth.

Orange County SBDC Director Leila Mozaffari said that the SBDC will use the grant to continue the momentum built over the last four years in partnership with Wells Fargo and the Vietnamese community.

“Orange County’s Vietnamese business community is extremely entrepreneurial,” said Katie KieuDung Nguyen, Orange County SBDC business consultant. “Our partnership with Wells Fargo allows us to more effectively serve this important community.”

Thanks to this grant, the Orange County SBDC will continue to focus on helping Vietnamese small business owners access needed capital. At regularly scheduled “Financing for Small Businesses and Start-ups” seminars offered in Vietnamese at the Wells Fargo Bolsa Golden West store, attendees learn about loan programs available through community lenders, banks, and other financial institutions. Lenders are on hand to discuss individual needs and options and questions are answered by a seasoned financial consultant.

One-on-one technical assistance is also available from the Orange County SBDC to help businesses successfully access the resources needed to launch or expand their enterprises.

The recent grant brings Wells Fargo’s total investment in the Orange County SBDC-related projects to $300,000.  The foundation has awarded two other $100,000 grants since 2006 enabling the Orange County SBDC to help the Vietnamese small business community.

For more information, visit www.ocsbdc.com.

This entry was posted on Thursday, May 13th, 2010 at 8:45 am and is filed under Orange County Small Business Development Center, Rancho Santiago Community College District. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.