Economic Injury Disaster Loan Archives

April 23, 2020

NONPROFIT CARES ACT 3.5 COVID-19 CHARITY

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

December 20, 2020

Nonprofit PPP EIDL Loans – Emergency Coronavirus Relief Act of 2020

Nonprofit PPP EIDL Loans – Emergency Coronavirus Relief Act of 2020 overviews what INSIDE CHARITY has learned about legislation being FINALIZED TODAY between the U.S. Senate and U.S. House of Representatives. Hundreds of thousands of charitable organizations have been waiting for a second round of Paycheck Protection Program (“PPP”) loans to keep their nonprofits operational. The “Emergency Coronavirus Relief

February 21, 2021

Nonprofit PPP2 Working Better This Time Around

Nonprofit PPP2 Working Better This Time Around is based on INSIDE CHARITY’s direct communication this past week with the Small Business Administration (SBA). The number of Paycheck Protection Program (PPP2) loans to U.S. nonprofits and small businesses more than doubled in the fourth week of the second round of pandemic relief aid, according to new data from the SBA. This week, the SBA hit a major milestone of approving $104 billion of PPP funds to […]

May 30, 2021

Nonprofit EIDL $500000 Loan – Increase Your Amount

Nonprofit EIDL $500000 Loan – Increase Your Amount provides charitable executives the simple steps they need to follow to expand their existing EIDL Loan. The SBA has approved more than $200 billion in COVID-19 EIDL loans. The loans have a 30-year maturity with interest rates of 2.75% for not-for-profits. Here’s the steps: DO NOT confuse your existing loan increase with the SBA’s new Targeted EIDL Loan Program (they are not the same) DO NOT apply […]