April 19, 2024
April 28, 2020

Second Round of Nonprofit PPP Loans Falls Flat – April 28

Second Round of Nonprofit PPP Loans Falls Flat – WASHINGTON D.C. – The PPP lending program was scheduled to resume at 10:30 am EST on Monday, but the Small Business Administration’s (SBA) online portal seems to be having issues handling the demand. An industry source confirmed that the platform did open at 10:30 a.m. as planned, but was
May 3, 2020

Nonprofit PPP Loan forgiveness – How Does it Work? – May 4, 2020

Nonprofit PPP Loan forgiveness – How Does it Work? is based on Inside Charity’s direct communications with the Small Business Administration and multiple financial lenders. Here’s what we’ve learned so far. Beyond the ease of qualifying and low interest rates, perhaps the most attractive feature of Paycheck Protection Program (PPP) loans is that
May 7, 2020

Nonprofit PPP Loan Forgiveness UPDATE – May 14, 2020

Nonprofit PPP Loan Forgiveness UPDATE reveals new facts regarding the forthcoming PPP Loan forgiveness process. Unfortunately, the probability of actually receiving a PPP Loan has come to an end. The SBA announced today that as a result of an unprecedented crush of applications (and the rapid depletion of CARES Act funding allocated by
May 16, 2020

Nonprofit PPP Loan Forgiveness Application Is Now Online

Nonprofit PPP Loan Forgiveness Application Is Now Online! VISIT HERE TO DOWNLOAD PPP LOAN FORGIVENESS APPLICATION  Your nonprofit is expected to complete the application and submit it to your lender, who will ultimately be responsible for assessing forgiveness. The application requires that charities submit the forgiveness calculation