La Verne: Are PPP Dollars Still Available?

Press release from the La Verne Chamber of Commerce:

May 04, 2020

CORONA-19 Relief Funding statistics:

• California Businesses received a total of $2.6 billion in EIDL advances and loans
• Between Phase 1 & 2, California Businesses have received $66.6 billion in aid, or over 12.8% of loans disbursed.
• Average loan size from Phase 1 PPP was $206,000, for Phase 2 PPP it is $79.000
• Nationally, largest loans given to the manufacturing, management, mining, education and utilities industries.
• California was #1 for EIDL Advance funding

According to the Los Angeles County Economic Development Corporation, 56.7% of 310 Billion Payroll Protection Program funds have been lent as of May 1st.

Click here for a list of PPP lenders in California

La Verne Chamber of Commerce

• Leah Skinner Executive Director
• May 04, 2020
• (909) 593-5265
• Send Email

This press release was produced by the La Verne Chamber of Commerce. The views expressed are the author's own.