July 14, 2024
May 31, 2020

Charity PPP Loan Flexibility Act – Seven Things Nonprofits Need to Know

Charity PPP Loan Flexibility Act – Seven Things Nonprofits Need to Know is INSIDE CHARITY’s review of the new Paycheck Protection Program Flexibility Act which “attempts” to ease restrictions on charities as they seek loan forgiveness under the Paycheck Protection Program authorized by the CARES Act. While there is optimism in Washington that this new bill will reach President Trump’s desk for signature, there is no guarantee of when or if this may happen. And, until […]
June 15, 2020

Revised PPP Nonprofit Loan Forgiveness Application – June 18, 2020

New Application PPP Nonprofit Loan Forgiveness overviews everything you need to know about the revised PPP Loan Forgiveness Application Form PLUS the newly issued Form 3508EZ. REVISED PPP LOAN FORGIVENESS APPLICATION FORM – JUNE 16 – DOWNLOAD HERE PPP LOAN FORGIVENESS APPLICATION FORM 3508EZ – JUNE 16 – DOWNLOAD HERE On June 5th, President Trump signed the Paycheck Protection Program Flexibility Act of 2020, which made significant changes to the PPP program. The Bill he […]
June 24, 2020

$46,154 Per Employee – PPP Nonprofit Loan Forgiveness

$46,154 Per Employee – PPP Nonprofit Loan Forgiveness is Inside Charity’s overview of next steps for nonprofits seeking PPP Loan Forgiveness. The U.S. Small Business Administration (SBA), in consultation with Treasury, released Wednesday a revised loan forgiveness application for the Paycheck Protection Program (PPP). The SBA also unveiled a new EZ application for forgiveness of PPP loans. The applications reflect changes to the PPP made by the Paycheck Protection Flexibility Act of 2020
July 13, 2020

PPP Nonprofit Loan Forgiveness Comes Early

PPP Nonprofit Loan Forgiveness Comes Early is based on SBA guidance released last month declaring that PPP recipients can apply for loan forgiveness early. In a 34-page interim final rule (IFR) issued in consultation with Treasury, the U.S. Small Business Administration (SBA) addresses a number of issues related to the PPP, which was created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide forgivable loans to small businesses, not-for-profits, and certain other entities […]