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
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