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San Diego Foundation Sends First $1.5 Million To Nonprofits Hit By COVID-19 [KPBS]

by | Oct 7, 2020 | News

The San Diego County COVID-19 Small Business & Nonprofit Loan Program (SBNLP) is a collaborative initiative designed to provide low-to-no-interest loans to small businesses and nonprofit organizations and aid in the region’s economic recovery from the coronavirus. This loan program was launched by County of San Diego Supervisor Nathan Fletcher in collaboration with The San Diego Foundation, Mission Driven Finance, Accion Serving Southern California (now Accessity), the San Diego & Imperial Small Business Development Center Network, and the California Southern Small Business Development Corporation.

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.

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