The San Diego District Office of the U.S. Small Business Administration has signed an agreement with Accion San Diego, a nonprofit microlender.
The agency announced Wednesday that the SBA office and Accion, which works with small business owners in San Diego, Imperial, Riverside and San Bernardino counties, will work together to improve access to technological information for entrepreneurs, provide “maximum financial opportunities” and offer specialized business training.
The agreement extends an existing partnership between Accion and the SBA and will allow Accion to expand the services it provides, said Elizabeth Schott, CEO of the nonprofit organization, in a statement.
The San Diego-based alternative lender, founded in 1994, is a member of the Accion U.S. Network, the nation’s largest nonprofit micro- and small-business lending network.
“I am extremely pleased that SBA is forming an alliance with an organization such as Accion, which has worked hard to aid primarily underserved business owners in their pursuit of the American dream of entrepreneurship,” said Ruben Garcia, director of the SBA’s San Diego District Office, in the statement. “Accion strengthens emerging entrepreneurs and helps them develop and thrive in their communities by providing capital, creating opportunities and social and economic change.”