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Geoffrey P. Kulik, CPA, Tax Stockholder | RINA San Francisco
Geoffrey P. KulikCPA / Tax Partnerview bio

San Francisco Offers $50,000 No-Interest Loans

San Francisco is offering 0% Interest Small Business loans

4/7/2020

April 7, 2020

Mayor London Breed announced last week the San Francisco Hardship Emergency Loan Program (SF HELP) to provide small businesses with no-interest loans. Applicatons became available online April 7th.

To be eligible for a loan under this program, the business must:

  • Be a for-profit business located in San Francisco and in good standing (have a business license, be free of any city/county tax iens or judgments)
  • Have a total annual revenue under $2.5 Million
  • Demonstrate a 25% drop in revenues since 1/1/20
  • Have 3 years remaining on a lease, if the business is location dependent
  • Have a business bank account

According to the City, loans can be used to pay payroll, rent, utilities, inventory and more. The loan will have a flexible repayment schedule, with terms determined on a case-by-case basis, based on each borrower’s ability to repay. 

More information on the program is available from the city.

The loan inquiry form is also available online.

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