Received Info About New PPP Portal from Los Angeles County - TIME SENSITIVE

[peteranastasio]

Dear Business Owner/Nonprofit,

The County of Los Angeles in partnership with Goldman Sachs 10,000 Small Businesses initiative and Community Reinvestment Fund, USA (CRF) 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 (linked here) will open TODAY, April 15th at 1 p.m.

1. Business owners and nonprofits who access the application portal will initially submit an inquiry with CRF.
2. Business owners and nonprofits should be prepared to provide informationon their business or organization.
3. After successfully submitting an inquiry, loan processers at CRF will follow up directly with business owners/nonprofits 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.

We urge you to apply at your earliest opportunity.

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

 

[chamomiletea]

@peteranastasio So...does this mean LA County had $15 million set aside for them to provide PPP loans to businesses in their county?

Because that's fair.

 

[613jono]

@peteranastasio It says the application is closed lol