COVID-19 Response & Community Support
By the numbers
$2.1B
$595M
$2.3B
$10.5M
Relief
Government Debt Relief
To help implement small-business economic relief programs and initiatives to stabilize the innovation ecosystem and prepare for recovery, SVB participated in the Small Business Administration’s Paycheck Protection Program in the US and was accredited in the UK to lend under the Coronavirus Business Interruption Loan Scheme (CBILS) and the Coronavirus Large Business Interruption Loan Scheme (CLBILS).
SVB donated the net fees received from the SBA totaling $20MM to support COVID-19 relief, economic development and social justice causes.
SVB Relief
SVB continues to engage with clients to understand what they need right now. Our priority in this unprecedented time is to listen to our clients’ needs, be flexible with our solutions and patient in our approach. We will work with clients that need additional support in the same way we always do.
SVB Debt Relief
SVB’s venture debt relief initiative in 2020 enabled more than 1,000 startups to defer their principal payments on a combined $2.1 billion in funded debt for six months. The Premium Wine Division enabled a majority of clients to defer principal payments for three or six months, and SVB Private Bank clients were given the option to defer mortgage payments for 90 days.
Give
SVB committed $10.5 million to support global COVID-19 relief activities focused on three areas: health, food security and shelter, and small business relief.
This includes corporate contributions to global, national and regional charities, and direct community-based giving.
Focused giving to address the greatest needs
The SVB COVID-19 Global Impact & Innovation Fund, in partnership with Founders Pledge, was established with $1MM to identify and consolidate into a single fund high-impact organizations that are creating solutions to the pandemic crisis. Recipient organizations included Johns Hopkins Center for Health Security, Coalition for Epidemic Preparedness Innovations COVID-19 Vaccine, Give Directly COVID-19 International Emergency Relief, and Meals on Wheels COVID-19 Response Fund.
Learn More and Donate Here
Support for India
In 2021, SVB’s support for our colleagues in India ramped up given the state of the pandemic in the country. SVB and its employees made donations exceeding $535,000 to causes supporting India’s healthcare needs, including the installation of oxygen plants, ventilators, lab equipment, dialysis centers and oxygen concentrators in hospitals in and around Bangalore, among other causes.
Vaccine Support
Go Give One is a COVID-19 fundraising campaign created by the World Health Organization Foundation, and supported by SVB through our partnership with Pledge 1%. The campaign calls on people everywhere to play their part in helping to vaccinate the world. SVB is offering a 2:1 match for its employees to support the fundraising effort.
Giving in our communities
As part of our enterprise-wide effort, SVB's regional offices have supported many health, food security and shelter organizations around the world. These are a few examples:
All companies listed above are independent third parties and are not affiliated with SVB Financial Group.
Support for small businesses
SVB supported emergency and small business grants through our partner Hello Alice's Business for All initiative. Hello Alice provides grants and guidance to small, women-and minority-owned businesses and hosts a free COVID-19 Business Resource Center to link these businesses to relief programs, funding opportunities, mentors and other support programs designed for New Majority entrepreneurs. To learn more, visit www.covid19businesscenter.com/.
Continuity
Activated our business continuity and pandemic plans
Moved to a work from home plan prohibited all business travel, and in the process of transitioning to flexible, virtual-first offices
Moved all SVB-hosted events online, with plans to continue virtual options in the future
Supporting our employees with stable compensation and expanded health, wellness and financial benefits
Resources
SVB Webinars
Hello Alice COVID-19 Business Resource Center
NVCA Response to COVID-19
TechNet Coronavirus Resources
SVB Fraud Prevention
Connect
- SVB Clients: Your SVB relationship manager or ClientSupport@svb.com in the US and ukclientservice@svb.com in EMEA. View branch information and hours at www.svb.com/locations
- SVB Partners/Vendors: Jon Saul at jsaul@svb.com
- Public Relations: Eileen Nolan (US) at enolan@svb.com and Mat Gazeley (EMEA) at mgazeley@svb.com
- Investor Relations: Meghan O’Leary at moleary@svb.com
