Introducing the San Diego Small Business and Nonprofit Loan Program

aerial view of San Diego

The San Diego County COVID-19 Small Business & Nonprofit Loan Program (SBNLP) is designed to help the small businesses and nonprofits at the heart of our community get back on track. The SBNLP was launched by County of San Diego Supervisor Nathan Fletcher in collaboration with The San Diego Foundation, Mission Driven Finance, Accion Serving Southern California, the San Diego & Imperial Small Business Development Center Network, and the California Southern Small Business Development Corporation. The SBNLP will complement—not replace—relief grants and other loan programs, and will help extend government and philanthropic resources.

 

About SBNLP

SBNLP will be launched with two major sources of funding:

  1. $5M from the County of San Diego to support small businesses in the unincorporated areas of the county with loans up to $50,000
  2. $5M from The San Diego Foundation to support nonprofit organizations operating in San Diego County with low-interest / low-cost loans of sizes still to be determined

*The above funding sources are those secured as of April 30. Work is underway to secure additional capital to grow this program. If you are interested in adding funds to the SBNLP and expanding access to more businesses and nonprofits, please contact loans@sdfoundation.org

 

Getting prepared to apply

We know small businesses and nonprofits need capital, so we’re working around the clock to get this moving as quickly as possible.

We’re still confirming eligibility criteria and processes as well as expanding the program as we can, but will share details as soon as they are formalized with everyone who signed up for updates with regular emails like this, as well as on our website SanDiegoSBNLP.org.

In the meantime, our partners at the San Diego & Imperial Small Business Development Center Network (SBDC) are ready to help you get materials ready for this loan program and to understand any other disaster assistance programs. They are here to help small businesses and nonprofits alike. For support, please register via the following link — sdsbdc.ecenterdirect.com/signup

If you represent a nonprofit, clearly indicate that when asked to “please describe your product or service.” You will be flagged as a nonprofit and directed to a case manager familiar with nonprofit dynamics for support. SBNLP partners will require additional documentation for your loan application. We will send an email and update our website as soon as those materials are confirmed.
Thank you,
San Diego County COVID-19 Small Business & Nonprofit Loan Program team


San Diego County COVID-19 Small Business & Nonprofit Loan Program (SBNLP) is a program administered by The San Diego Foundation and launched in collaboration with the office of San Diego County Supervisor Nathan Fletcher, the County of San Diego Board of Supervisors, California Southern Small Business Development Corporation, San Diego & Imperial Small Business Development Center (SBDC), Accion serving Southern California, LISC San Diego, and Mission Driven Finance.