EL PASO, Texas (KTSM) — The Wells Fargo Foundation awarded a $550,000 grant on Monday, Sept. 21 to JUST Community, a statewide nonprofit that provides “equitable access to capital and support to entrepreneurs,” according to JUST Community.
The organization has helped El Pasoans start businesses and build wealth through its innovative funding and support mechanisms. JUST Community said they are also celebrating having distributed $1 million in loans to entreprenuers in El Paso.
The new funding, announced at the kickoff of El Paso Start-Up Week at the Garden Venue, will expand JUST’s financial empowerment and coaching model, which builds relationships with entrepreneurs and focuses on their character rather than just their credit score, the organization said.
In El Paso alone, over 100 entrepreneurs have leveraged JUST’s trust-based lending model to launch and grow their businesses, the organization said…