PPP Archives - Page 2 of 2 - InsideCharity.org

October 4, 2020

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 […]

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 […]

August 16, 2021

SBA Nonprofit Funding Up To $500,000

SBA Nonprofit Funding Is Still Available is Inside Charity’s response to the thousands of charities who may not be aware that there are still millions of dollars available to 501c3 organizations. We all recognize a feeling of comfort and familiarity as the nation opens back up for business. Recovery from the pandemic is underway; but there are many nonprofits that are still struggling. During these very hot Summer months, it is a great time to […]