Many owners in San Diego are skilled at running their businesses, but they need one-on-one technical assistance throughout the application process, said Elizabeth Schott, executive director of ACCION San Diego.
The lender -- because of its partnership with community groups -- is able to provide training in Quickbooks, website building and social media.
In 2008, it disbursed 160 loans. The following year, the lender disbursed 120 loans or $1.1 million, with a loss rate of 9.78%.
Los Angeles is just one of 10 most affordable cities for doing business, according to a study by PricewaterhouseCoopers and the Partnership for New York City. More
|'Independence Day' sequel loses the battle against silliness June 25|
|Three news outlets turned away from Trump golf course event June 25|
|EU referendum result leaves U.K. with financial hangover|
|'Who will we dress for, now?' Fashion photographer Bill Cunningham dies June 25|
|Obama: Entrepreneurship has never been more important June 25|