COVID-19 Response & Community Support

Supporting employees, clients and communities around the world

By the numbers

 

$2.1B

Deferred principal payments on $2.1B of venture debt loans for six months.

$595M

Deferred principal payments on $595M of loans for Premium Wine Division clients.

$2.3B

Provided approximately $2.3B in Paycheck Protection Program relief in 2020 and 2021.

$10.5M

Committed $10.5M to local, regional and global COVID-19 relief efforts in 15 states and 8 countries.

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.

wfh 500 x 347

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:

american red cross logo 576 x 208. png boston medical logo 576 x 208. png breakfast club of canada 576 x 208. png


caritas frankfurt logo 576 x 208. png frontline foods 576 x 208. png meals for the nhs logo 576 x 208. png


real food for kids logo new 576 x 208. png  SAHA logo new 576 x 208. pngsvcf logo 576 x 208. png


the bowery mission logo 576 x 208. png valley medical center logo 576 x 208. png


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/.

JT Video thumbnail play 560 x 315. jpg

Watch playlist 

Continuity

 
We continue to serve our clients while doing everything we can to protect the health and safety of our employees, clients and partners around the world. As the pandemic evolves, our safety response is transitioning to meet the needs of the situation.
 

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

 

9/29/21 Update to Clients from SVB CEO Greg Becker

 

Actively hiring for 700+ positions in the US, Canada, China, EMEA and India

Resources

 
We encourage you to leverage the following resources from SVB and our partners.
 

SVB Webinars

Register for SVB-hosted webinars to hear best practices and guidance from SVBers and our partners and watch replays of recent webinars. Learn more
 

Hello Alice COVID-19 Business Resource Center

Learn what you need to reopen or refuel your small business. Learn more
 

TechNet Coronavirus Resources

The technology industry is working diligently and in a multitude of ways to support people and businesses across the US during the coronavirus pandemic. Learn more
 

SVB Fraud Prevention

Fraud often increases during turbulent times. SVB offers preventative tools, services and guidance to help you mitigate your risk of fraud. Learn more

Connect

Visiting SVB? Our branches are open. We request that visitors who have flu-like symptoms refrain from visiting. We recommend, and you may be required depending on local laws, wearing a mask when visiting our branches. For more information contact:
SVB office 500 x 333