Mayor London Breed (Kevin N. Hume/S.F. Examiner)

Mayor London Breed (Kevin N. Hume/S.F. Examiner)

SF makes more loans of up to $50K available to small businesses

$3.5M added for COVID-19 financial relief

San Francisco made an additional $3.5 million in small business loans available Monday for COVID-19 financial relief.

The funding will go to private for-profit small businesses that are considered low or moderate income. The owners can use the loans toward payroll, rent, inventory and equipment.

“COVID-19 isn’t over and as we begin the hard work of recovering as a city, we need to continue to be there for our businesses—especially those who have difficulty accessing other forms of credit or financial assistance,” Mayor London Breed said in an announcement.

The San Francisco Hardship and Emergency Loan Program, or HELP, has distributed $8.5 million in loans to 227 small businesses since it launched in April, according to the Mayor’s Office. Loans are up to $50,000 per business and are to be repaid within six years.

Of the past recipients, 74% were minority-owned small businesses and 52% women-owned businesses, according to the office.

Business types included bars, hair salons, dry cleaners, gyms and child care.

“These zero-interest loans will help our beloved neighborhood businesses and entrepreneurs reopen safely,” Breed said. “Small businesses, like our neighborhood restaurants, corner markets, and hair salons, keep our commercial corridors thriving and provide employment for San Franciscans. Their survival and success will help us recover together.”

Joaquín Torres, director of the Office of Economic and Workforce Development, praised the program for providing essential capital to help businesses weather the pandemic.

“The success of minority-owned businesses – who make up more than half of San Francisco’s small business communities – is essential for an equitable recovery and our City’s ongoing cultural and economic vitality,” Torres said in a statement. “SF HELP has been a lifeline for those small businesses hardest hit by this pandemic.”

For more information on the program click here.

Bay Area NewsPoliticssan francisco news

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at

Just Posted

Revelers at Madrone Art Bar in the early hours of June 15, 2021 (Courtesy Power Quevedo).
No lockdown in sight at Motown on Mondays

‘I don’t care how anyone feels, I just want to dance!’

Scenes from an SFO-bound BART train on Tuesday, June 15, 2021, the day California fully reopened for business after the COVID pandemic. (Al Saracevic/SF Examiner)
SF reopens: BART riders dreading the end of the pandemic

‘I’ve forgotten what it’s like to be packed like sardines’

Throngs of tourists return to Fisherman’s Wharf (Benjamin Schneider / The Examiner).
Gary Pruit watches his son Trevor begin to place the coal onto the miniature barbecue in a parking lot outside of Oracle Park on June 15, 2021, the day San Francisco reopened from COVID pandemic restrictions. (Nick Zeller-Singh/SF Examiner)
Visitors walk through the western span of the Ferry Building the morning of Tuesday, June 15. (Ida Mojadad/SF Examiner)
Masks still a common occurrence at the Ferry Building

‘It’s more a mental thing than a science thing’

Most Read