Today's Date: March 6, 2021
Governor Ron Desantis Visits On Top Of The World Communities   •   Affect Study Reveals the Significant Impact of COVID-19 on Women in the Workplace   •   Kia Telluride Wins 2021 Kelley Blue Book Best Resale Value Award   •   El Camino Health Nationally Recognized as a Best Maternity Care Hospital by Newsweek   •   International Women’s Day: ARM & HAMMER™ Laundry Detergent Proudly Sponsors Dress for Success’ Your Hour,   •   Norwegian Cruise Line Commemorates International Women's Day With Month-Long Empowerment Program   •   Analytics Insight Names 'The 10 Most Impactful Women in Technology’ in March 2021   •   Reliant Joins Forces With Rebuilding Together to Help Houstonians Recovering From Winter Storm Damage   •   Boot Barn Holdings, Inc. Announces Participation in the UBS Global Consumer and Retail Virtual Conference   •   BlogHer to celebrate International Women's Day with Priyanka Chopra Jonas, Debra Messing, Ai-jen Poo, and other changemakers ded   •   Lafarge Canada Once Again Recognized as One of Canada’s Best Diversity Employers   •   Government of Canada COVID-19 Update for Indigenous Peoples and communities   •   Recording Academy® Partners With Berklee College of Music and Arizona State University to Conduct Study on Women's Represent   •   Celebrity Cruises' History-Making All-Female Bridge And Leadership Team Reunite   •   Statement on Visit of Pope Francis to Iraq   •   New York Women in Communications Launches #WOMENHEARD   •   Appleseed's Celebrates 75th Anniversary   •   Fisheries and Oceans Canada and Canadian Coast Guard Confirm New Regions' Boundaries to Improve Services to the Arctic   •   Bigo Live, ANTRA and The Equality Project celebrate Mardi Gras and inclusion of LGBTQIA+ communities in Australia   •   Customers Bank Backs SBA’s Stronger Support for Sole Proprietors, Independent Contractors, Self-Employed Individuals, as w
Bookmark and Share

American Lending Center Supports Small and Minority-Owned Businesses in Second Round PPP

LONG BEACH, Calif. , January 15 /Businesswire/ - American Lending Center (ALC), one of a few approved non-bank lenders focused almost exclusively on supporting small, women- or minority-owned, and self-employed business enterprises, applauds the federal government’s recent approval of another round of COVID-relief. The Paycheck Protection Program (PPP) has been one of the most significant factors keeping businesses afloat during the pandemic, and ALC is at the forefront of serving companies left behind by some of the larger financial institutions.

Through a new partnership program, ALC has launched a new application system to facilitate PPP loans for some of the most vulnerable American companies. For many business owners for whom English is a second language, the PPP loan process can be overly daunting. This potentially leads to many more new immigrant businesses closing their doors and limiting the American dream for which so many have come to the United States. ALC is collaborating with culturally sensitive, multi-lingual CPAs and financial advisors to further expand the accessibility and availability of vital federal funding.

“Congress recognized the need to focus in on small business relief in this newest round of stimulus,” said John Shen, CEO of ALC. “But particularly for small companies with limited resources or for many in new immigrant communities, PPP loans can still seem unattainable. We are thrilled to be partnering with financial institutions and networking with other professional entities able to support all Americans and further stimulate local main street economies.”

ALC’s average loan amount was approximately 20,000 dollars. Nearly 89 percent of loan recipients have been minority or women owned businesses, and 60 percent were self-employed. Since receiving approval last year, ALC has processed over 500 PPP loan applications. The majority of first round PPP borrowers were funded within 3 days of their submittal to SBA for processing. The company has provided over fifteen million dollars in relief funds to enterprises in 36 states across the country and is a passionate small business lender originating loans nationwide almost exclusively under SBA programs.

ALC’s online application portal is now open to assist these small businesses who are qualified for a first or second draw PPP loan at www.AmericanLendingCenter.com.

About American Lending Center

American Lending Center (ALC) is a licensed non-bank lender that has provided over 350 million dollars to American ventures and created over 10,000 full-time jobs throughout the US. ALC is a Treasury and SBA-approved PPP lender ready to support qualified borrowers nationwide. ALC had funded 85 small business projects in 19 states primarily under the SBA 504 program and is committed to supporting small-to-medium sized businesses in rural and underserved areas.


STORY TAGS: Women, Human Resources, Finance, Consulting, Banking, Accounting, Men, Professional Services, Small Business, Consumer, Product/Service, United States, North America, California,

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
Breaking News
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News