NEW LA COUNTY PAYCHECK PROTECTION PROGRAM APPLICATION PORTAL OPENED ON APRIL 15

Important news from Home for Good LA, a partnership of United Way of Greater Los Angeles and the Los Angeles Area Chamber of Commerce.
 

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     Yesterday, the Los Angeles County Board of Supervisors adopted a motion to establish the LA County COVID-19 Relief Fund, which directs the Department of Consumer and Business Affairs (DCBA) to develop and implement a loan and grant fund by April 21st. The motion also directs DCBA to move swiftly to infuse additional capital into Los Angeles County.

The County of Los Angeles — in partnership with Goldman Sachs, Wells Fargo Foundation, Citi, and others — has created a new application portal for small businesses and nonprofits seeking to apply for the federal Paycheck Protection Program (PPP), a forgivable loan product created by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act.

               The online portal will open TODAY, April 15th at 1:00 pm.
                                          

ACCESS PORTAL




Business owners and nonprofits who access the application portal will initially submit an inquiry with CRF. Business owners should be prepared to provide information on their business. After successfully submitting an inquiry, loan processers at CRF will follow up directly with business owners to obtain necessary documents and information to process the loan request.

All eligible business owners and nonprofits who have been unable to apply for a PPP loan through a bank or other financial institutions are encouraged to submit an inquiry.

If you have any questions, please contact the Los Angeles County Disaster Help Center at 833-238-4450.

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In solidarity,
The Home for Good Team