WASHINGTON - Wells Fargo & Co. is setting up a $1 billion loan fund for women business owners in a partnership with the National Association of Women Business Owners.

To qualify for a loan, women business owners must have good personal business credit records, have been in business for two years, have a profitable business and have not declared bankruptcy in the past 10 years.

The program, available for the next three years, offers unsecured revolving loans of a minimum $5,000 with no fixed terms and a variable interest rate based on the prime rate.

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