November 13, 2024
April 16, 2020

Nonprofit PPP Loan Program Reaches $350 Billion Cap – April 17, 2020

Nonprofit PPP Loan Program Reaches $350 Cap informs charitable execs on the status of the initial $350 billion emergency loan pool established for nonprofits and small businesses derailed by the coronavirus. “The Small Business Administration (SBA) is currently unable to accept new applications for the Paycheck Protection Program based
April 20, 2020

Will Nonprofit PPP Loans Replenish This Week? – April 20, 2020

Will Nonprofit PPP Loans Replenish This Week? – Senate Democrats and Republicans have come close to a deal that could inject roughly $370 billion into loan programs for nonprofits and small businesses including $310 billion more into the Paycheck Protection Program (PPP), setting aside $60 billion for rural and minority groups. The remaining $60
April 23, 2020

Nonprofit CARES Act 3.5 – $484 Billion Relief Package

Nonprofit CARES Act 3.5 – $484 Billion Relief Package – The Senate has passed the PPP Health Care Enhancement Act, also known as the “COVID-19 3.5” relief package. This new $484 billion package, which is expected to pass the House of Representatives today was originally designed to only be a $250 billion