Small businesses throughout San Diego will benefit from a $15,000 grant presented this week by Bank of America to the San Diego Region Small Business Development Center.
The grant supports business advising and community loan programs. Bank of America is a long-time supporter of small business financing programs and workforce development.
The grant was formally presented by Rick Benito, senior vice president and SBA lending executive for Bank of America.
The Center is operated by CDC Small Business Finance, a not-for-profit financing company that provided over $700 million in capital to small businesses in 2015 alone and created and preserved more than 7,100 jobs.
“We truly understand the daily needs and challenges of small businesses because we’re a small business, too,” said Robert Villarreal, executive vice president of CDC. “These funds will be used to educate and advise various small business owners so they get better at managing and growing their companies and creating jobs.”