The first $1.5 million in loans from The San Diego Foundation’s small business and nonprofit program have gone out to eight local organizations, the foundation announced Tuesday, part of a $5 million fund for organizations impacted by COVID-19.
San Diego-based impact investment fund manager Mission Driven Finance has deployed $1.5M in loans to San Diego County nonprofits that have been impacted by COVID-19, thanks to $5M in seed funding from The San Diego Foundation as part of the San Diego County COVID-19 Small Business & Nonprofit Loan Program (SBNLP).
“San Diego County supervisors unanimously agreed Tuesday to expand the county’s $5 million small business loan COVID relief program regionwide to small businesses operating in cities,” The San Diego Union-Tribune reports.
A new low-interest loan program for small businesses in San Diego County’s unincorporated area is now accepting applications.
