CARES Act Archives - Page 4 of 5

May 7, 2020

Nonprofit PPP Loan Forgiveness UPDATE May 8 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 17, 2020

PPP Loan Forgiveness Application, Template And Video for Nonprofits

PPP Loan Forgiveness Application, Template & Video for Nonprofits provides charitable execs clarification and the tools they need to turn a portion (or all) of their PPP Loan into a grant. Produced over the weekend by the team at QuickBooks University and reviewed by INSIDE CHARITY these utilities make sense of what is arguably the next important

May 22, 2020

Nonprofit PPP Forgiveness May Be Harder To Receive Than Original Loan

Nonprofit PPP Forgiveness May Be Harder To Receive Than Original Loan is Inside Charity’s update on what nonprofits will face in the next days and weeks regarding the CARES Act. Banks are preparing for a flood of applications from nonprofits for loan forgiveness marshaling staff to help charities navigate a complicated process that recalls the confusing early days of the relief effort. Nonprofits that received PPP funding in early April can start to submit forgiveness […]

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