Agency / Department: San Francisco Office of Economic and Workforce Development
Resource: Small Business Emergency Loan Fund
Details: Mayor London N. Breed, Board of Supervisors Budget Chair Sandra Fewer, Supervisor Hillary Ronen, and the Office of Economic and Workforce Development (OEWD) announced their commitment to launch a new Small Business Emergency Loan Fund to support small businesses facing sudden revenue loss from COVID-19. The $10 million fund commits $9 million to a new Emergency Loan Fund, and an additional $1 million to expand the COVID-19 Small Business Resiliency Fund. The Resiliency Fund has received more than 2,000 applications since launching on March 11th.