PPP Archives - InsideCharity.org

April 1, 2020

Nonprofit Paycheck Protection Program (PPP) Application

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

April 3, 2020

PPP Nonprofit Loans Charity Paycheck Protection Program

PPP Nonprofit Loans – We Just Met With Two Approved Lenders

PPP Nonprofit Loans – We Just Met With Two Approved Lenders is a summary of our nonprofit’s meetings with two major SBA 7(a) approved lenders (well-known banks) to compare their processes and product. Their loan representatives were well-informed and transparent about what’s really happening behind the scenes. Here’s what we learned:

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

April 28, 2020

Second Round of Nonprofit PPP Loans Falls Flat CHARITY

Second Round of Nonprofit PPP Loans Falls Flat – April 28

Second Round of Nonprofit PPP Loans Falls Flat – WASHINGTON D.C. – The PPP lending program was scheduled to resume at 10:30 am EST on Monday, but the Small Business Administration’s (SBA) online portal seems to be having issues handling the demand. An industry source confirmed that the platform did open at 10:30 a.m. as planned, but was