The Schusterman Family Foundation, a GCIR funding partner, is working to support more equitable access to PPP loans during this second round of funding. Schusterman has developed a partnership with LISC, a mission-aligned SBA-approved lender, that will provide dedicated support during this second round of funding.
In particular, LISC is looking for organizations that were financially secure prior to the COVID-19 crisis but need additional funds to continue their critical work. To be eligible, an organization must:
Not have already received a PPP loan;
Have fewer than 500 employees, AND
Be able to certify on the PPP application that it is experiencing economic hardship as a result of the COVID-19 crisis.
Click here now and move quickly as we expect funds will dry up soon. Once organizations complete the Google form, LISC will be in touch to answer questions and to begin the application process.
Completing the form does not obligate organizations to apply through LISC, and they are strongly encouraged to connect with LISC even if they already have an application in process through another lender. It is our understanding that organizations can have multiple applications active but can only accept one PPP loan.
If you have questions about this offering, please reach out toAngelica Leveroni Gomez ([email protected]) on the Schusterman team. I’d also be willing to put in a good word on behalf of your grantees—just let me know who plans to apply.