Wells Fargo, which has been the largest small business lender for the last 11 years, also announced their goal of lending $100 billion to small business by 2018. Wong said that this is an aggregate goal for all businesses, South Asian and otherwise, but that Wells Fargo has resources meant specifically for Asian business owners. “We host several financial seminars and workshops, across the Wells Fargo footprint, that partner specifically with Asian chamber associations and trade associations,” said Wong. 

While the foreclosure crisis is over and the housing market rebounding, the recovery is uneven, with many homeowners still affected. About half of Richmond’s homeowners are under water, according to City Manager Bill Lindsay. Cities like Richmond, with many African American and Latino homeowners, were among those hardest hit by the foreclosure crisis, owing in part to banks having been more likely to target these communities for subprime loans.