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Women's Business Group Offering Financial Support To Stamford Startups

U.S. Senator Richard Blumenthal and Fran Pastore, president/CEO of WBDC, at the 14th Annual WBDC Breakfast.
U.S. Senator Richard Blumenthal and Fran Pastore, president/CEO of WBDC, at the 14th Annual WBDC Breakfast. Photo Credit: Contributed

STAMFORD, Conn. -- Fran Pastore, president and CEO of the Women’s Business Development Council, announced that WBDC recently received approval from the United States Department of Treasury’s Community Development Fund Initiative to become a financial lender.

The announcement was made as the Women’s Business Development Council (WBDC) held its 14th Annual Business Breakfast on October 23, at the Stamford Hilton.

“Today, we announce our campaign to fund WBDC Capital, which will be the first loan program of its kind in the state and region run by women for women," Pastore said. "Greatly underserved are loans between $2,500 and $10,000 – which is often the needed seed or expansion dollars for small businesses. We will meet that need.”

It was also announced that United Bank of Glastonbury, Connecticut would support the financial initiative.

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