Wells Fargo plans to lend $100 billion to small businesses by 2018

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Wells Fargo has officially launched its newest initiative geared specifically at budding entrepreneurs looking to help their small businesses grow, entitled Wells Fargo Works for Small Business.

By Deepak Chitnis | May 20, 2014

The initiative was unveiled this past weekend, at the first-ever South Asian Young Women Entrepreneurs (SAY WE) conference that took place at the Condé Nast building in Times Square on May 17. Wells Fargo was a key sponsor of the SAY WE conference, helping to foster entrepreneurial spirit in the South Asian community.

Keynote addresses were given by Aroon Shivdasani and Faisal Hoque. Shivdasani is the founder of the Indo-American Arts Council and the key organizers of the annual New York Indian Film Festival, while Hoque is a writer and entrepreneur who also gave out and signed copies of his latest book, “Everything Connects.”

Hoque spoke at length about his personal story, coming to the US from Bangladesh at age 17 and, eventually, dropping out of college in Minneapolis to start his career with Pitney Bowes in Connecticut.  Today, he is the founder of Shadoka Ventures, and a number of other companies. Shadoka’s portfolio of companies – which specialize in R&D driven products, services, and thought leadership – accelerates individual and organizational sustainable growth.

Hoque warned prospective business owners that people should keep in mind the lows as much as the highs, citing his own ups and downs, and the successes and failures he experienced during his career.

“There is absolutely no substitute for passion and authenticity,” Hoque said in summation of his remarks, telling future and current small business owners that being true to themselves and passionate about their ideas are ultimately what will lead them to success in the long run.

Read the full article @theAmericanBazaar.

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