The information on this page was updated April 2, 2020, at 2:41 pm PST.

Coronavirus (COVID-19) has left many people uncertain and concerned about what precautions to take, and the implications in the workplace.

We are closely monitoring Coronavirus and following the current guidance from the leading government and health authorities to ensure we are taking the right actions to protect our members, employees, and community.

We want to be sure that you have every resource at your disposal as you navigate this uncertain time and we will continue to monitor this evolving situation and will keep you informed of future updates.

Please note the information below is subject to change as additional details emerge around how these programs will be implemented.

Thank you for your support and confidence in our organization.

Support Local Businesses

Small Business Funding and Loan Assistance

Guides and Resources


SBA Paycheck Protection Program (PPP)

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

The Paycheck Protection Program will be available through June 30, 2020.


Overview of the program

If you’re a lender, more information can be found HERE

If you’re a borrower, more information can be found HERE


How to Apply

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union,  and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program. Lenders may begin processing loan applications as soon as April 3, 2020.

Application for borrowers


Visit our San Marcos Chamber Member bank lenders for financial assistance. Lenders listed with a * below have been verified as participants in the CARES Act Payment Protection Program.

Banc of California*

California Bank Trust*

Cal Private Bank*

Frontwave Credit Union

Homestreet Bank*

Navy Federal Credit Union

San Diego County Credit Union

Torrey Pines Bank*

Wells Fargo*(as of 4/2/2020 12:11pm PST not yet approved for SBA Loan, alternative loans available)


Economic Injury Disaster Loan

These loans may be used by small businesses to pay fixed debts, payroll, accounts payable and additional bills that can’t be paid because of COVID-19’s impact.

Apply for the Economic Injury Disaster Loan

For further assistance, applying for this loan, the SBDC is providing free counseling and guidance in applying for the SBA Disaster Loan. Register for an appointment with a business advisor here: SBDC Free Counseling for Small Businesses