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
|Market freak out: Dow plunges 279 points|
|Judge tosses out Applebee's face-burning fajitas lawsuit|
|6 stocks to buy and hold for the next decade|
|David Hasselhoff's mansion on sale for $2.3 million|
|Java now loads annoying adware on Macs|