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State Assistance to Businesses in Response to COVID-19

Jan 4, 2024 - Second, as described below, there has been other research documenting racial disparities in PPP loans among business owners, particularly that Black business owners received fewer PPP loans compared to white businesses owners.
https://lao.ca.gov/Publications/Report/4824

Federal Assistance for Businesses Affected by COVID-19

Apr 3, 2020 - The maximum first draw PPP loan is $10  million and the maximum second draw PPP loan is $2  million. CARES Act Funding for PPP Quickly Exhausted. PPP loans are made on a first-come, first-served basis.
https://lao.ca.gov/Publications/Report/4215