September 27, 2020
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