$11 Donation to Help ACCION San Diego Provide Loans to Small Businesses for Start-Ups and Expansion

$11 Donation to Help ACCION San Diego Provide Loans to Small Businesses for Start-Ups and Expansion

The Issue: Small Businesses Need Capital to Succeed In the wake of the economic downturn, many employers are limiting their employees' hours and benefits in order to stay afloat. Faced with low incomes and difficult financial situations, many people are opting to go into business for themselves. They need access to capital in order to make these new ventures succeed. The Campaign: Fund Microloans for Small Businesses With every $11 this Grassroots campaign raises, ACCION San Diego can establish a fund for a loan for a small business, with matching donations up to $2,500 by Torrey Pines Bank. The loans, which range from $300 to $35,000, empower entrepreneurs to jump-start their businesses and build positive credit histories. Business owners can choose to apply their loans where it will most help their business, such as by increasing inventory or purchasing equipment and materials. All donatio