Afloat COVID-19 vaccine reports and President Biden’s ambitious $1.9 trillion stimulus package; Congressmember Karen Bass organized a telephone town hall 24 hours after The House voted 220-211 to pass the new relief bill.
Congresswoman Maxine Waters (CA-43), Chairwoman of the House Financial Services Committee, released a district data sheet which summarizes Paycheck Protection Program (PPP) data provided by the Small Business Administration (SBA) regarding loans made to businesses in Gardena, Harbor City, Hawthorne, Inglewood, Lawndale, Lomita, Los Angeles, Playa Vista, and Torrance. Over one billion dollars in PPP loans were awarded to 10,750 businesses within Congresswoman Waters’ congressional district.
Today, the U.S. Small Business Administration (SBA) extended the deadline to apply for a disaster recovery loan to September 16, 2020 for Los Angeles County business owners who suffered physical or property damage due to the civil unrest incidents that began on May 26, 2020.
Bank of America announced today that it has received Small Business Administration (SBA) loan approvals for 265,500 small businesses under the SBA’s Paycheck Protection Program (PPP). This represents $24.9 billion in needed relief for small businesses. More than 256,000 of these small businesses have received a loan number since the SBA reopened the PPP funding on April 27.