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.
Four more nonprofit organizations have received San Diego County COVID-19 Small Business & Nonprofit Loan Program funding to continue serving their communities: Bayside Community Center, San Diego Habitat for Humanity, The New Children’s Museum, and San Diego Health Connect.
We’re excited to share the first three nonprofits that have received San Diego County COVID-19 Small Business & Nonprofit Loan Program funding: The National Foundation for Autism Research, Angels Foster Family Network, and Rise Up Industries.
We are currently reviewing our first batch of applications and will soon review the next batch of applications. Nonprofits are encouraged to explore SBNLP nonprofit criteria on this site and submit an application. Learn more and see if you qualify.
We have expanded our nonprofit loan criteria. See if your organization qualifies.
See the recording and slides from our nonprofit loan info session here.
A new low-interest loan program for small businesses in San Diego County’s unincorporated area is now accepting applications.
Nonprofits: Sign up for our online information session to learn more about the nonprofit loan pool of the SBNLP.