PHOENIX, May 18, 2020 /PRNewswire/ -- Blue Cross Blue Shield of Arizona (BCBSAZ) is committing $5 actor to Chicanos Por La Causa (CPLC) to accommodate loans through their lending division Prestamos CDFI (Prestamos) to abetment Arizona baby business owners whose businesses accept been economically impacted by the COVID-19 pandemic. This accord will advice CPLC administer loans to baby business owners through the federal government's Paycheck Protection Program (PPP).
"We are audition from baby business owners, and we see how adamantine they are alive to assure their businesses and accumulate their advisers safe," says Pam Kehaly, admiral and CEO of Blue Cross Blue Shield of Arizona. "We serve bags of baby businesses and as we abide to abetment Arizonans through this all-around pandemic, we appetite to be a allotment of the band-aid to advice baby business owners abide to serve Arizona, accommodate jobs, and advice clean our bounded economy."
The $5 actor in allotment from BCBSAZ will accredit CPLC Prestamos, a Association Development Banking Institution, to action added PPP loans to Arizona businesses to abutment their employees. To date, Prestamos has been able to abutment 321 businesses with added than $11 actor in PPP funding, attention 1,615 jobs. Prestamos is an SBA-approved lender and offers high-quality lending and consulting casework for business owners, allowance to actualize banking adherence and job opportunities for communities best in charge back 1980.
"Small businesses are hurting, and it's creating a cogent ripple effect. If an employer is clumsy to accommodated payroll, families are clumsy to put aliment on the table, bills are clumsy to be paid and the bounded abridgement suffers," said David Adame, admiral and CEO of CPLC. "While abounding baby businesses in the accompaniment accept been denied admission to emergency capital, we're beholden that Blue Cross Blue Shield of Arizona is partnering with Chicanos Por La Causa to accommodate added assets that will acquiesce baby business owners to abide confined our communities."
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Prestamos is an accustomed lender for the federal PPP and will affair funds backed by BCBSAZ to condoning applicants in Arizona who accommodated the PPP's belief and eligibility. Condoning companies with beneath than 500 advisers can administer for a accommodation to abetment with payroll, hire and utilities to abutment their business through the COVID-19 pandemic. For added capacity on accommodation and to apply, appointment prestamosloans.org/ppp.
CPLC has partnered with BCBSAZ for added than 20 years. While the alignment was founded in Arizona, it is one of the bigger Hispanic nonprofits in the country, allowance to advance stronger, convalescent communities beyond the Southwest. CPLC empowers lives by carrying a absolute ambit of bilingual and bicultural casework in bloom and animal services, housing, education, and bread-and-butter development.
This charge is the latest in a alternation of accomplish BCBSAZ has taken to abetment Arizonans during the COVID-19 pandemic, including baby business owners. For added advice about how BCBSAZ is allowance the Arizona association during the all-around pandemic, amuse appointment azblue.com/coronavirus.
About Chicanos Por La CausaChicanos Por La Causa, Inc. (CPLC) is a association development association that provides casework in Arizona, Nevada and New Mexico. Back 1969, CPLC has been alteration lives by developing ability and instilling empowerment in those we serve. Our focus areas are bread-and-butter development, education, chip bloom & animal services, and housing. CPLC provides a bigger activity through alms business and application opportunities; ensuring anybody has the solid foundation of an education; accouterment achievement through a alleyway of recovery, restoration, and resiliency; and ensuring that a safe, secure, affordable home is accessible to every alone we serve. Today, we accept 48 programs and services, about 1,000 employees, and 110 offices, authoritative CPLC the third-largest Hispanic nonprofit in the nation and the cardinal one alms in Arizona. For added information, amuse appointment www.CPLC.org.
About Blue Cross Blue Shield of ArizonaBlue Cross Blue Shield of Arizona (BCBSAZ) is committed to allowance Arizonans get convalescent faster and break convalescent longer. With a focus on abutting bodies with the affliction they need, BCBSAZ offers bloom allowance and accompanying casework to added than 1.7 actor customers. Through avant-garde analytic programs and association outreach, BCBSAZ is alarming bloom in Arizona. BCBSAZ, a not-for-profit company, is an absolute licensee of the Blue Cross Blue Shield Association. The company, and its subsidiaries, apply added than 2,400 bodies in its Phoenix, Chandler, Flagstaff, and Tucson offices. To apprentice more, appointment azblue.com.
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SOURCE Blue Cross Blue Shield of Arizona
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