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
|FCC calls Verizon plan to throttle connections 'disturbing'|
|P&G dumping 90 brands|
|Buffett's Berkshire has big earnings bounce in the second quarter|
|Walmart: Retail powerhouse past its prime?|
|Europe hits Russia's biggest banks|