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 new ventures and existing businesses 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 donations will be matched up to a $2,500 total by Torrey Pines Bank. You can follow the progress of this and other Grassroots campaigns at the Groupon Grassroots website.
Accion San Diego
404 Euclid Ave
San Diego, CA 92114