Slide 4
Slide 4 text
CPLC Prest mos is fillin critic l
need to help sm ll businesses keep
the li hts on durin COVID-19.
CPLC Pr st mos w s form d to s rv sm ll
busin ss in low-incom communiti s nd L tino
nd minorit -own d busin ss s. W provid
c pit l to busin ss s th t don’t h v b nkin
r l tionships or mi ht not qu lif for lo ns.
Durin th p nd mic, CPLC Pr st mos is
dminist rin P ch ck Prot ction (PPP) lo ns
to h lp sm ll busin ss s k p th ir doors op n.
W r mp d up our op r tions, s rvin mor
th n 900 busin ss s nd d plo in $26 million
in c pit l to s v lmost 4,000 jobs.
Thr sm ll busin ss s CPLC Pr st mos
s rv d throu hout th Southw st r P n lop
Wildb rr , n onlin pp r l stor ; T m l s
T cos Pu bl , M xic n Food c t rin
comp n ; nd Ari on Found tion
for Wom n, nonprofit th t
provid s r s rch, dvoc c ,
nd phil nthrop for wom n’s
s f t , h lth, nd conomic
mpow rm nt.
B for COVID, ch of th s busin ss s w s
t kin off. P n lop w s on tr ck to hit th ir
hi h st s l s numb rs, T m l s T cos Pu bl
h d full sch dul of v nts book d, nd
Ari on Found tion for Wom n w s on th v
of th ir l r st fundr isin v nt of th r.
With th dv nt of COVID, ll of th t c m to
h lt. P n lop h d to stop production, T m l s
T cos Pu bl b n r c ivin r qu sts for
r funds from custom rs forc d to c nc l v nts,
nd Ari on Found tion for Wom n mov d th ir
v nt onlin , wh r it onl r c iv d fr ction of
th support it would h v in p rson.
E ch of th s busin ss s r ch d out to
v ri t of tr dition l b nkin sourc s to st
flo t, nd ch w s d ni d.
CPLC Pr st mos conn ct d ch of th s
or ni tions with lo n throu h th
P ch ck Prot ction pro r m, providin n
opportunity to void l in off mplo s nd
oin out of busin ss.
In th words of Joshu M ji , co-own r of
P n lop Wildb rr , “Mil, mil, mil r ci s…
[Pr st mos] w nt bov nd b ond in v r
w ...I don’t think w would h v obt in d
th lo n without th t kind of uid nc . I’m
custom r for lif , th t’s for sur .”
MORE THAN
900
SMALL BUSINESSES
ASSISTED THROUGH
PPP LOANS
MORE THAN
$26 MILLION
DEPLOYED THROUGH
PPP PROGRAM
NEARLY
4,000
JOBS SAVED VIA
PPP LOANS
SMALL-BUSINESS
LENDING
CPLC PRESTAMOS
every moment is
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F Y 1 9 – 2 0 A N N U A L R E P O R T
CHICANOS POR LA CAUSA
S E C T I O N T I T L E
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C L I E N T I M P A C T