Bank of Southern California Provides $229 Million in Paycheck Protection Program (PPP) Loans
(OTC Pink: BCAL), a commercial bank headquartered in San Diego, reported today that as of March 31, 2021, it has funded a total of $229 million in First Draw and Second Draw Paycheck Protection Program (PPP) loans.
- (OTC Pink: BCAL), a commercial bank headquartered in San Diego, reported today that as of March 31, 2021, it has funded a total of $229 million in First Draw and Second Draw Paycheck Protection Program (PPP) loans.
- As a Preferred Lender with the SBA, Bank of Southern Californias team of experienced bankers worked tirelessly to provide both First Draw and Second Draw PPP loans to eligible small businesses.
- Additionally, a total of $222 million was funded in the form of Second Draw loans, benefiting more than 1,400 Southern California businesses.
- Of significance, every Bank of Southern California customer who qualified and applied for a PPP loan, received one.