SBA Approved Lenders for Paycheck Protection Program Loans and Economic Injury Disaster Loans

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Small Business Administration Approved Lenders for Paycheck Protection Program Loans and Economic Injury Disaster Loans

Funding for the PPP and EIDL loans has reached capacity at this time (4.16.20). New applications are not currently being accepted. We expect further updates about the program shortly. In the meantime, we encourage you to explore other opportunities at the local, county and state level.

There are two major SBA loans available for businesses impacted by the COVID-19 pandemic:

Paycheck Protection Program (PPP) Loan – for employers to meet payment or paycheck obligations. Up to $10 million, or 2.5 times the average total monthly payroll costs during the 1-year period before the loan, whichever is less. Businesses can apply for PPP loans starting Friday, April 3 (self-employed and independent contractors April 10). Details and the application portal can be accessed here. Click here for a PPP loan forgiveness calculator.

Economic Injury Disaster Loan (EIDL) – an additional loan available to businesses on an expanded basis as a result of the CARES Act. The application page for EIDL loans can be found here.

An overview of these loans can be found here.

The following is a list of Chamber Members who are SBA Approved Lenders for the Paycheck Protection Program and Economic Injury Disaster Loans.

US Bank Mariam Diyab – Vice President | Business Banking Manager

9595 Wilshire Blvd Beverly Hills, Ca 90212

626.533.8053 | mariam.diyab@usbank.com

East West Bank David Haimovitz – VP-Branch Manager Private Banking

9378 Wilshire Blvd., Ste 100 Beverly Hills, CA 90212

310.861.2153 | David.Haimovitz@EastWestBank.com

Torrey Pines Bank Kathleen Chapman – Senior Vice President/WLA Regional Manager

9355 Wilshire Boulevard Beverly Hills, CA 90210

310.623.8901 | kchapman@torreypinesbank.com

JP Morgan Chase & Co Adam C Hill – AVP – Business Relationship Manager II – Beverly Hills