Foundation Lauds Nonprofit Borrowers for Payback of Millions in COVID-19 Loans ...Middle East

Times of San Diego - News
Foundation Lauds Nonprofit Borrowers for Payback of Millions in COVID-19 Loans
Canterbury Bells at the Anza-Borrego Desert State Park Visitor Center; a nonprofit loan program helped the Anza-Borrego Foundation during the pandemic. Photo by Chris Stone The San Diego Foundation and a local impact investor on Thursday announced that money lent out via a pandemic-era nonprofit loan program has been repaid with scant losses. Of the $5.2 million loaned to nonprofits that struggled due to COVID-19, less than .0001% was lost. “Through this loan program, we were able to quickly assist nonprofits alongside our government and financial services partners, while addressing our region’s most critical needs during a turbulent time,” said James Howell, vice president and C

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