Joshua DuBois of Values Partnerships, former faith adviser of Barack Obama, shares what faith leaders need to know about accessing government resources to help their organizations with the economic impact of the Coronavirus pandemic.
Najuma Smith Pollard of the USC Cecil Murray Center for Community Engagement moderates the discussion:
- What is the CARES Act?
- What are Economic Injury Disaster Loans?
- Which loans are forgivable?
- Who are they for?
“Do not be intimidated by any of these processes. It’s worth it. You are fully eligible and this is for you.” – Joshua Dubois
Personal finance resources
The Cecil Murray Center is hosting “Financial Empowerment Through a Crisis” webinars in partnership with Los Angeles-area churches. We have compiled resources for participants on COVID-19 financial assistance programs, financial education, personal budgeting, homeownership, small business ownership and more.
- Register for a workshop
- Access personal finance resources
- Financial Assistance During COVID-19 pandemic
Organizational resources
Summary of programs:
More information:
Q&A on Paycheck Protection Program
Economic Injury Disaster Loan (EIDL) Application
Payment Protection Program (PPP)
Below is list of community agencies and banks that should be able to assist you with an application for PPP. YOU WILL HAVE TO DO YOUR DUE DILIGENCE, but you can start with one of these:
Please be patient and persistent.
Regional Banks
- Bank of Hope
- Bank of the West
- BBVA
- Celtic Bank
- Citizens Bank
- Comerica Bank
- Commonwealth Business Bank
- East West Bank
- First Bank
- First Citizens Bank
- Hanmi Bank
- Pacific Western Bank
- Silicon Valley Bank
- Umpqua Bank
- United Business Bank
- US Metro Bank
- VelocitySBA
- Wallis Bank
Credit Unions and Nonbank Lenders
Other Financial Resources for Organizations
You can access loan and grant opportunities through nonprofit and government organizations such as:
- LISC Small Business Relief Grants
- LISC list of resources for Small Businesses and Nonprofits
- Vermont Slauson EDC
- PACE – Pacific Asian Consortium in Employment
- Pacific Coast Regional Small Business Development Corporation
- California Community Foundation
- LA Chamber of Commerce
- Opportunity Fund
- Goldman Sachs (through LA County)
- LA County Dept. of Business & Community Affairs
- LA City Workforce & Economic Development Department: Small Business Emergency Microloan Program ($5,000-$20,000)
- LA Regional COVID Fund ($5,000-$15,000; open July 6 through September 25, 2020)
- Small Business Resources by State (lists additional resources for California outside of Los Angeles, as well as for other states)
