Micro-LBE Emergency Loan Program


The Port Micro-LBE Hardship Emergency Loan Program is a zero-interest loan program that was developed in collaboration with the Port and service provider Main Street Launch. The Port recognizes the value of a diverse and local contracting community and is dedicating $1 million in the program for loans up to $25,000 each to eligible Port contractors, subcontractors, subconsultants or tenants. 




Program Overview

Eligible contractors must be Port Prime Contractors, subcontractors, suppliers or tenants who are certified Micro-LBEs with the City and County of San Francisco.  


Applicant Requirements

  1. Be an existing business located in the City of San Francisco (SF Business address) 
  2. Be a for-profit business in good standing 
  3. Have total annual revenues under $2.5 million in 2019
  4. Have a valid San Francisco Business License 
  5. Be free of any city/county tax liens or judgments 
  6. Have a business bank account 
  7. Demonstrate a 25% drop in revenues since January 1, 2020
  8. Be a Port of San Francisco contractor, subcontractor or tenant


Key Terms

  • Loan amounts up to $25,000 for eligible Micro-LBEs, as described above
  • Five year (60 month) repayment term with the first regular payment due the first day of the month six months after the loan was disbursed
  • Zero percent (0%) interest
  • No prepayment penalty
  • Loan balance forgiveness options
    • Upon repayment of fifty percent (50%) of the loan within the first two years of disbursement, outstanding balance will be forgiven
    • Upon repayment of seventy-five percent (75%) of the loan within the first three years of disbursement, outstanding balance will be forgiven
  • Port tenants cannot use rent due to Port as an eligible business expense


Application and Process

  1. Inquiry Application: Interested and eligible Micro-LBEs must complete a short application by December 23, 2020 at 11:59 PM (PST).
  2. Main Street Launch, the service provider, will conduct a lottery to determine the first group of applicants to complete the full application.
  3. Lottery winners will be notified. These firms are required to complete an application with additional submittals for loan underwriting and approval.