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.
$640M
Deferred principal payments on $640M of loans for Premium Wine Division clients.
$2B
Provided approximately $2B in Paycheck Protection Program relief.
$5.5M
Committed $5.5M to local, regional and global COVID-19 relief efforts in 15 states and 8 countries.
Relief
 

Government Debt Relief

SVB is actively working with industry groups and government leaders where we operate to help design and implement small-business economic relief programs and initiatives to help stabilize the innovation ecosystem and prepare for recovery.

Paycheck Protection Program

SVB participated in the Paycheck Protection Program under the US CARES Act and received applications from more than 5,500 small businesses and startups. As of April 16th, SVB obtained SBA guarantees for nearly 70% of its applicants. The SBA reopened the PPP on April 27th and SVB continues to review and submit as many of the applications as possible that were previously received. SVB is reviewing other government programs for client eligibility.

Frequently Asked Questions

Coronavirus Business Interruption Loan Scheme (CBILS)

In the UK, SVB is in the process of applying to become an accredited lender under the Coronavirus Business Interruption Loan Scheme (CBILS).

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 on an individual basis.

SVB Debt Relief

SVB’s venture debt relief initiative, launched on April 1, has 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 is enabling a majority of clients to defer principal payments for three or six months, and SVB Private Bank clients are given the option to defer mortgage payments for 90 days.

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Give
 

SVB has committed $5.5 million to support local, regional and global activities focused on three areas: health, food security and shelter, and small business relief. This includes corporate contributions to global, national and regional charities, direct community-based giving and a 3:1 match for SVB employees’ donations to relevant causes. In addition, SVB will contribute net PPP loan origination fees it receives from the SBA to COVID-19 relief efforts.

The COVID-19 Global Impact & Innovation Fund, in partnership with Founders Pledge, was established to identify and consolidate into a single fund high-impact organizations that are creating solutions to the pandemic crisis. The fund is now focused on activities to help slow COVID-19's spread and provide immediate relief to those affected. Looking ahead, it will target initiatives to better prepare for future pandemics. SVB made an initial $1 million investment to fund this critical work, and we invite you to join us. Learn More and Donate Here

As part of our regional effort, SVB offices have supported many health, food security and shelter organizations. In the UK, for example, SVB has partnered with Meals for the NHS, a tech ecosystem initiative to provide much needed meals to frontline hospital staff that are dealing directly with COVID-19. Meals for the NHS is now operating across 75 hospitals in 21 towns and cities across the UK. Learn more at mealsforthenhs.com. In the US, SVB is supporting a similar effort nationwide led by Frontline Foods.

SVB is also supporting 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 and apply for emergency grants, visit www.covid19businesscenter.com/.

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.
 
Activated our business continuity and pandemic plans
 
Moved to a work from home plan for our employees and prohibited all business travel
 
Postponed or moved all SVB-hosted events online
 
Supporting our employees with stable compensation and expanded health, wellness and financial benefits
Resources
 
We encourage you to leverage the following resources from SVB and our partners.
 
Register for SVB-hosted webinars to hear best practices and guidance from SVBers and our partners. Replays of recent webinars are also available. Learn more
 
A £1.25bn support package that has been designed to help and protect high-growth technology, life sciences and R&D businesses in the UK. Learn more
 
Find funding and guidance on how to support entrepreneurs and small business owners through the impacts of coronavirus. Learn more
 
Important information and resources to venture-backed companies about the federal response to COVID-19, including tax credits, loan opportunities, and sick leave. Learn more
 
The technology industry is working diligently and in a multitude of ways to support people and businesses across the U.S. during the coronavirus pandemic. Learn more
 
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 Northern California branches, except for our branch at 2770 Sand Hill Road in Menlo Park, are open. We request that visitors who have had flu-like symptoms refrain from visiting. We strongly recommend, and you may be required depending on local laws, to wear a mask when visiting our branches. For more information contact:

SVB office