San Diego County COVID-19 Small Business & Nonprofit Loan Program
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 by extending government and philanthropic resources. Nonprofits serving San Diego County residents can apply for no-to-low interest loans now till July 7.
We are particularly interested in hearing from organizations that:
- Offer front-line care to alleviate physical & mental health and economic effects of COVID-19
- Serve communities disproportionately affected by the coronavirus pandemic, including Black, indigenous, and communities of color
- Center the voices of those they seek to serve, as reflected in their staff, leadership and board makeup
- Could unlock other capital with this loan
Basic eligibility for the nonprofit loan program:
- 501c3
- Serving San Diego County residents for the last 18 months
- Total prior year revenue between $500,000 and $15M
- Have a revenue stream besides donations
About the nonprofit loan pool:
- Loan amounts: $50,000 to $300,000
- Length: 6 to 30 months
- Annual interest rate: 0–3%
- Unlike the PPP, these loans are not forgivable and must be fully repaid
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