64.1 F
San Diego
Tuesday, Dec 5, 2023

South County Council Has Cash Available For Companies

The South County Economic Development Council can lend a helping hand for small businesses looking to expand.

The council said it received a $10,000 grant from San Diego National Bank and a $5,000 grant from Union Bank of California to provide low-interest loans to small-business owners to help them expand and create jobs.

“Small businesses comprise the backbone of our local economy and deserve our support,” said Scott Alevy, incoming president of the South County Economic Development Council. “We want to be a catalyst for business expansion and job creation.”

Over the years, the council has offered low-interest loans of more than $1.2 million to South County businesses, including Veth Tax Services, McCune Chrysler Jeep, Knight & Carver Yacht Repair, Chavez Flowers and NLP Furniture Industries.

- Advertisement -

– – –

Chat For Success:

This week, the Washington, D.C.-based U.S. Small Business Administration plans to kick off a monthly “Live Web Chat Series on Entrepreneurship,” aiming to engage current and aspiring small-business owners into a national dialogue with successful entrepreneurs.

The live chat series kicks off July 21 with J. Scott Plank, the chief administrative officer of Baltimore-based Under Armour Performance Apparel, a multimillion-dollar company that makes microfiber clothing for athletes.

Plank will provide insight on how he and other entrepreneurs overcame challenges in making a small business succeed, and answer questions from business owners.

The now more than 450-employee-strong company was inducted into the SBA’s 2005 Hall of Fame. The hall features small businesses that received early-stage SBA help, have exemplary leadership in the business community, are innovative, growing and create jobs, the advocacy group said in a July 7 statement.

People interested in chatting with Plank can post questions before July 21 at www.sba.gov and click on “Your Small Business Voice Live Online.”

The live Web chats will be held monthly and address various topics.

For details on future live Web chats, go to www.sba.gov.

Send small-business news to Marion Webb at marionw@sdbj.com or call her at (858) 277-6359, Ext. 3108.


Featured Articles


Related Articles