Rep. LaMalfa said, “The PPP program has successfully helped keep thousands of California small businesses open, workers paid, and families afloat during the pandemic, and it is a textbook example of what can be achieved through a bipartisan approach to COVID aid. Fortunately for small businesses still needing relief, PPP loans are still available and are even forgivable under most circumstances. I encourage eligible small businesses needing assistance to take advantage of this program.”
Businesses interested in applying for PPP loans or learning more about eligibility can find more information from the SBA here or contact LaMalfa’s office. New formulas for calculating loan amounts for sole proprietors will be based off of gross revenue and will help with higher loan amounts being available. In California, 202,264 individual PPP loans for $18,192,309,838 have been approved through February 21, 2021.
Congressman Doug LaMalfa is a lifelong farmer representing California’s First Congressional District, including Butte, Glenn, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sierra, Siskiyou and Tehama Counties.