CCEDA
CALIFORNIA COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION
CCEDA serves as a clearinghouse for information and action that advances the field of community economic development through training and continuing education, technical assistance, and advocacy on public policy. All CCEDA’s activities serve our membership — organizations actively engaged in revitalizing California’s neighborhoods, including resident driven community development corporations, local governments, community action agencies and faith based institutions. CCEDA members produce results through a full range of community building strategies including real estate development-housing, retail and commercial-business assistance and lending, social services, and job training and creation.
With the new Covid-19 Stimulus Package, billions of dollars are being allocated for a second round of Paycheck Protection Program (PPP) funding. On January 13, 2021 SBA began accepting applications for the Second Draw PPP Loans.
Second Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.
Who May Qualify?
A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
- Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses
- Has no more than 300 employees; and
- Loan demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020
Deadline to apply for a Second Draw PPP Loan is March 31, 2021.
Learn more about the Second Draww PP Loans
View recording of “Helping You Understand the Paycheck Protection Program: Round Two” webinar
Below is our list of referred lenders:
- Pacific Asian Consortium in Employment (PACE) - PACE is an SBA Lender, Community Development Financial Institution (CDFI), CalCAP Small Business Lender & City of LA Business Source. For assistance, go to: http://pacelabdc.org
Pacific Coast Regional (PCR) Small Business Development Corporation- PCR is a private, non-profit corporation founded in 1977 to assist small business owners in becoming successful members of the Southern California business community. Through contracts with the Federal Government, the State of California, and partnerships with private institutions, PCR provides financial, educational and consulting services. In addition, PCR has been certified by the U.S. Treasury as a Community Development Financial Institution (CDFI).
Disaster specific inquiries should be sent to [email protected] and/or Complete inquiry here
Larry Trujillo in partnership with American Lending Center (ALC)seek to assist as many small businesses as possible, especially those that were marginalized the last time around in the Paycheck Protection Program. ALC is approved by the Department of the Treasury and the Small Business Administration (SBA) as a nonbank lender. https://americanlendingcenter.com/
ALC’s online application portal,https://americanlendingcenter.com/apply-now/
Prestamos - Prestamos CDFI is accepting the Small Business Administration (SBA) Paycheck Protection Program (PPP) applications nationwide until the program closes; either when funds run out, or, on March 31, 2021. This funding is to incentivize small business owners to keep their staff on the payroll as we all persist through the (Coronavirus) COVID-19 pandemic. Apply Here: https://www.prestamosloans.org/ppp/
Union Bank - Union Bank is now accepting SBA Paycheck Protection Program (PPP) loan applications. During this round of SBA funding, applications for a new PPP loan are accepted online through the Union Bank®️ PPP Loan Portal. Learn More
With the new Covid-19 Stimulus Package, billions of dollars are being allocated for a second round of Paycheck Protection Program (PPP) funding. On January 13, 2021 SBA began accepting applications for the Second Draw PPP Loans.
Second Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.
Who May Qualify?
A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
- Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses
- Has no more than 300 employees; and
- Loan demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020
Deadline to apply for a Second Draw PPP Loan is March 31, 2021.
Learn more about the Second Draww PP Loans
View recording of “Helping You Understand the Paycheck Protection Program: Round Two” webinar
Below is our list of referred lenders:
- Pacific Asian Consortium in Employment (PACE) - PACE is an SBA Lender, Community Development Financial Institution (CDFI), CalCAP Small Business Lender & City of LA Business Source. For assistance, go to: http://pacelabdc.org
Pacific Coast Regional (PCR) Small Business Development Corporation- PCR is a private, non-profit corporation founded in 1977 to assist small business owners in becoming successful members of the Southern California business community. Through contracts with the Federal Government, the State of California, and partnerships with private institutions, PCR provides financial, educational and consulting services. In addition, PCR has been certified by the U.S. Treasury as a Community Development Financial Institution (CDFI).
Disaster specific inquiries should be sent to [email protected] and/or Complete inquiry here
Larry Trujillo in partnership with American Lending Center (ALC)seek to assist as many small businesses as possible, especially those that were marginalized the last time around in the Paycheck Protection Program. ALC is approved by the Department of the Treasury and the Small Business Administration (SBA) as a nonbank lender. https://americanlendingcenter.com/
ALC’s online application portal,https://americanlendingcenter.com/apply-now/
Prestamos - Prestamos CDFI is accepting the Small Business Administration (SBA) Paycheck Protection Program (PPP) applications nationwide until the program closes; either when funds run out, or, on March 31, 2021. This funding is to incentivize small business owners to keep their staff on the payroll as we all persist through the (Coronavirus) COVID-19 pandemic. Apply Here: https://www.prestamosloans.org/ppp/
Union Bank - Union Bank is now accepting SBA Paycheck Protection Program (PPP) loan applications. During this round of SBA funding, applications for a new PPP loan are accepted online through the Union Bank®️ PPP Loan Portal. Learn More
244 S. San Pedro Street, Suite 412, Los Angeles, CA 90012
(213) 625-0105