COVID-19 Response & Community Support
Frequently Asked Questions
Government Debt Relief
Paycheck Protection Program
SVB is accepting PPP applications. Please view details here.
SVB continues to be actively involved in industry discussions to assist with the development of solutions to support small businesses and the innovation economy and will engage further as the regulations and details of the government programs unfold.
The company is undertaking similar activities in other markets including the Coronavirus Business Interruption Loan Scheme (CBILS) program in the UK and KfW-led programs in Germany, and we are evaluating SVB's ability to participate in the Business Credit Availability Program (BCAP) in Canada.
SVB Debt Relief
SVB's first relief initiative will provide certain venture debt borrowers with loans $10 million or less (or local currency equivalent) an opportunity to defer their principal payments for a period of six months. Clients that qualify for this program will be notified directly. This SVB program is expected to reach up to $600 million in aggregate payment relief across our global client base. Additional relief programs and initiatives that are in development for SVB clients will be communicated directly to applicable clients in the coming weeks.
SVB has committed $5.5 million to support local, regional and global activities focused on three areas: health security, food security and shelter, and small business owner relief. The COVID-19 Global Impact & Innovation Fund, in partnership with Founders Pledge, was established to help stop the spread of the virus, support a robust medical response and mitigate the social cost by providing relief to affected families. SVB is making an initial $1 million investment to fund this critical work, and we invite you to join us. Donate here
SVB is also supporting our partner Hello Alice's Business for All initiative through emergency grants for COVID-19 relief. Hello Alice, a free platform that guides business owners through the growth of their company, recently launched their COVID-19 Business Resource Center, which is updated daily with real-world funding, federal and state resources, mentors and support for New Majority entrepreneurs adapting to the impacts of coronavirus. Learn more and apply for COVID-19 Business for All Emergency Grants at www.covid19businesscenter.com/.