Bridge Loan Program Announcement

Pfaffinger Foundation announces the debut of a new Bridge Loan Program to assist employees of the Los Angeles Times, California Community News and Times Community News who have experienced a reduction in their work hours of 20% or more. The Bridge Loan Program allows for a one- time interest free loan of $3,000 to pay for essential needs. The loan must be paid back by June 30, 2021.

Pfaffinger Foundation has been assisting employees and retirees of the former Times Mirror Company with essential needs during times of hardship since 1936.

Bridge Loan Program Eligibility:

  • Employed by the Los Angeles Times, CCN or TCN for one year or more
  • Work hours reduced by 20% or more on or after March 1, 2020
  • Plan to use the loan for essential needs and payback the loan by June 30, 2021

Bridge Loan Program Application Process:

  • Start the online application (you will be prompted to sign up for an account)
  • Complete eligibility questions
  • Complete the application
  • Upload Required Documents:
    • Most recent pay stub
    • Document of reduction in employment hours
    • Completed promissory note signed and dated if you choose not to provide an electronic signature
  • Complete attestation and promissory note
  • Submit the application
  • Log into your account to check the status of your application
  • You will receive an email with an award letter or declination letter if eligibility requirements were not met

Loan Repayments:

  • All $3,000 loans are interest free
  • Loans must be paid in full by June 30, 2021
  • If $3,000 is more then you require for essential needs, you may make an immediate repayment to lower your loan obligation
  • Repayments may be made in smaller increments or paid in full prior to June 30, 2021
  • An invoice will be sent to your email with the balance due & repayment options
  • If you are delinquent in your loan repayment, a 10% interest rate will be applied