October 24, 2020
June 24, 2020
$46,154 Per Employee - PPP Nonprofit Loan Forgiveness

$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
July 13, 2020
PPP Nonprofit Loan Forgiveness

PPP Nonprofit Loan Forgiveness Comes Early

PPP Nonprofit Loan Forgiveness Comes Early is based on SBA guidance released last month declaring that PPP recipients can apply for loan forgiveness early. In a 34-page interim final rule (IFR) issued in consultation with Treasury, the U.S. Small Business Administration (SBA) addresses a number of issues related to the PPP, which was created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide forgivable loans to small businesses, not-for-profits, and certain other entities […]
October 4, 2020
PPP Charitable Loan Forgiveness

PPP Charitable Loan Forgiveness Hasn’t Started Says SBA

PPP Charitable Loan Forgiveness Hasn’t Started Yet is based on the work of INSIDE CHARITY’s team of researchers. Here’s what they’ve discovered so far: More than 96,000 requests for Paycheck Protection Program loan forgiveness have been submitted to the Small Business Administration since early August, but none were approved. The Treasury Department and SBA have not yet forgiven any of the 5.2 million emergency coronavirus loans issued to nonprofits and small businesses — but that’s about to change. Charities […]