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A message from League of United Latin American Citizens

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View as web page:
[link removed]

Contact: David Cruz | 818-689-9991 | [email protected]



Coronavirus Aid, Relief, and Economic Security (CARES) Act
==========================================================

Dear LULAC Family,

I want to share some important news for our LULAC members and others with small
businesses. The Coronavirus Aid, Relief, and Economic Security (CARES) Act is
extending welcome help for owners of small businesses. This assistance is
critical to our community because today there are 4.65 million Latino-owned
companies representing 14% of the 33 million total U.S. businesses.

Briefly, the Paycheck Protection Program helps small businesses cover operating
expenses and incentivizes employers to retain their employees. I especially want
to encourage women to apply since of the 1.4 million companies owned by women of
color in our country, Latina business women control 39% of these businesses.

The Paycheck Protection Program is administered by the Small Business
Administration (SBA) and is ready to provide emergency lending for qualifying
companies from its new $349 billion capacity. Among the businesses that can
qualify are included:

* Restaurants, foodservice, caterers, and hotels that employ 500 or fewer
employees per location,

* Franchises approved on the SBA’s Franchise Directory, and

* Small businesses receiving financing through the Small Business Investment
Company (SBIC) program.

We know that for a small business, every day is either a challenge or an
opportunity and I wanted to get this information to you as quickly as possible.
For more details on how the program works and how to request assistance, please
click here [ [link removed] ]
(versión en Español aqui [ [link removed] ] ).

Please let us know how we can help if you have additional questions or comments.
Contact LULAC at [email protected]

Together We Rise,

Sindy Benavides

LULAC Chief Executive Officer

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About LULAC
The League of United Latin American Citizens (LULAC) is the nation’s largest and
oldest civil rights volunteer-based organization that empowers Hispanic Americans
and builds strong Latino communities. Headquartered in Washington, DC, with 1,000
councils around the United States and Puerto Rico, LULAC’s programs, services and
advocacy address the most important issues for Latinos, meeting critical needs of
today and the future. For more information, visit www.LULAC.org [ [link removed] ] .







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