EIDL Archives - InsideCharity.org

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 6, 2021

Nonprofit EIDL Loans TARGETED Round – Feb 2021

Nonprofit EIDL Loans Second Round Available overviews the SBA’s NEW FAQ on Economic Injury Disaster Loans for year 2021. On Friday, February 5, the SBA added a new frequently asked questions which includes information about the application process, eligibility and program criteria. Please read this article carefully. Even though it starts off with some questions about eligibility you may find that your nonprofit is eligible for a second round of EIDL. 1. Can I apply […]

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 […]

June 30, 2021

American Rescue Plan For Nonprofits Still Works

American Rescue Plan For Nonprofits – More Monies For Charities is INSIDE CHARITY’s update on what funds are still available from the Federal Government through the American Rescue Plan of 2021. The EIDL program has been around for years, but in March of 2020 the SBA elected to expand the definition of eligible nonprofits to include those affected by the coronavirus pandemic. This allows charities who suffered from economic injury, such as a drop in […]