Small Business Micro-Revolving Loan Fund

General Information

The City of San Diego matched a $750,000 grant from the Economic Development Administration (EDA) to develop the Small Business Micro Revolving Loan Fund (SBMRLF). The $1.5 million fund operates in the City of San Diego to provide small business assistance.

In an effort to help stimulate San Diego's economic growth, the loan program offers financial assistance to expanding businesses. The SBMRLF can supplement private financing for the acquisition of new or rehabilitated buildings, acquisition of fixed machinery and equipment, working capital and soft costs.


To be eligible for assistance under the Small Business Micro Revolving Loan Fund, a business must:

  • Be located in the City of San Diego.
  • Create new employment opportunities.
  • Have firm financial commitments for other components of the project to be financed.
  • Be willing to comply with all regulations, guidelines, policies, and requirements, as they relate to the program.
  • Demonstrate that financing is not otherwise available on terms or conditions that would permit completion and/or the successful operation or accomplishment of the project activities to be financed.
  • Demonstrate credit worthiness and the ability to repay the loan.


  • Loan Size: Minimum loan of $25,000, maximum loan of $150,000.
  • Loan Terms: Loans will be direct loans fully amortized over three to seven years.
  • Interest Rates: 8% floor.