Nonprofit Paycheck Protection Program Application Link is now online. The CARES Act Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to nonprofits to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven as long as: 1) The loan proceeds
CARES Act Nonprofit Application Form IS NOW ONLINE directs you to the new and functioning Small Business Administration’s (SBA) simplified EIDL online application and also clarifies the calculation for Paycheck Protection Program (PPP) loan forgiveness. IT ONLY TAKES 10 MINUTES TO APPLY! CARES Act Nonprofit Application Form IS NOW ONLINE Economic Injury Disaster Loans (EIDLs) (Click the link above to get started) As an advisor who supports nonprofits and runs in a lot of charitable circles, […]
How Nonprofits Will Receive CARES Act Funding – Washington, D.C. – The United States Treasury announced Sunday that FDIC insured local banks, credit unions and qualified lenders have been authorized to distribute CARES Act Funding to Nonprofits. According to this morning’s Senate CARES Act Questions & Answers, “The most efficient way to deliver fast credit to eligible organizations is through existing relationships with local lenders. Under the program, any qualified organization should be able to receive […]
CARES Act for Nonprofits – Friday, March 27, the Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion economic stimulus package legislated to provide immediate relief for nonprofits, businesses, individuals and state and local governments.