San Diego County Supervisors Approve Revolving Loan Fund for East County Small Businesses
San Diego County Supervisors have unanimously approved the "Empower East County Business Revolving Loan Fund," a program offering loans of up to $50,000 to small businesses in East San Diego County, including cities like El Cajon, La Mesa, Lemon Grove,…
San Diego, CA, September 6, 2026 —
San Diego County Supervisors have taken a unanimous step to bolster local commerce by approving the creation of the “Empower East County Business Revolving Loan Fund.” This new initiative is designed to provide financial assistance to small businesses operating within specific areas of East San Diego County.
The program will offer loans with a maximum value of $50,000. These funds are intended to help small enterprises address various needs critical for their operation and growth. Eligible uses for the loans include obtaining necessary capital, purchasing equipment, acquiring inventory, and supporting business expansion efforts.
The geographic scope of the fund encompasses several East San Diego County cities. These include:
- El Cajon
- La Mesa
- Lemon Grove
- Santee
The decision by the Board of Supervisors to unanimously approve the fund highlights a commitment to supporting the economic vitality of these communities. The revolving nature of the loan fund means that as businesses repay their loans, the capital can be re-lent to other eligible businesses, creating a sustainable source of funding over time.
Further details regarding the application process, eligibility criteria for businesses, and the specific timeline for when the fund will become operational were not immediately available in the summary provided. Information on how businesses can apply or learn more about the “Empower East County Business Revolving Loan Fund” will likely be released by San Diego County in the near future.
Story summarized from the original created by City News Service on www.10news.com, see more information here.
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