For Small Businesses:
• San Diego (city) Small Business Relief Fund: $2 million in micro loans available to small businesses impacted by the COVID-19 pandemic.
• Verizon Small Business Recovery Fund: Fund that will provide grants of up to $10,000 to businesses and non-profits facing immediate financial pressure as a result of COVID-19, especially entrepreneurs of color, women-owned businesses, and other enterprises coming from underserved communities. Funds must be used on payroll, rent, utilities, outstanding debt to vendors, or any other immediate operational costs. The first round of funding is closed, however businesses can register here to receive updates on the new round beginning mid-April.
For All Businesses:
• SDG&E Late Payment Fee Waiver: SDG&E will waive late payment fees for business customers whose finances have been hit hard.
• San Diego Workforce Partnership Assistance: If your business is in the process of laying off or furloughing employees, you are encouraged to submit a layoff notice through the San Diego Workforce Partnership (SDWP). SDWP is also offering a variety of support services to businesses to help them avoid layoffs.
• Women’s Empowerment Loan Fund (WELF): San Diego Grantmakers and the International Rescue Committee have created a loan that provides low cost financing to women-owned businesses in San Diego. In addition to the loans, which will range from $5,000 – $25,000, the program includes resources such as expert coaching and assistance from the International Rescue Committee.
• City of San Marcos COVID-19 Business Sustainability Program: The program will set aside up to $3,000,000 of the City’s General Fund Reserves for a short term business loan program available to businesses with a City of San Marcos business address.
• South County Restaurant Loan: South County EDC is offering a no-interest loan to eating establishments in South County in order to provide some economic relief during these difficult times. Establishments can apply for a one-time $5,000 loan.
For Non-Profits:
• The San Diego Foundation COVID-19 Community Response Fund: Emergency grants and donations will be made to non-profit organizations that have deep roots and strong experience supporting impacted communities, particularly those that are disproportionately affected by the global pandemic and its economic consequences. Grant funding will focus on three critical areas: food security, rental and utility assistance, and income replacement or gap funding. In addition, the fund will provide interest free loans to non-profits.
• Verizon Small Business Recovery Fund: Fund that will provide grants of up to $10,000 to businesses and non-profits facing immediate financial pressure as a result of COVID-19, especially entrepreneurs of color, women-owned businesses, and other enterprises coming from underserved communities. Funds must be used on payroll, rent, utilities, outstanding debt to vendors, or any other immediate operational costs.