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    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.

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    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:

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    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/.

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    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