Small Business Administration Archives

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

January 10, 2021

Nonprofit SBA Guidelines PPP2 – Program Re-Opens This Week

Nonprofit SBA Guidelines PPP2 – Program Re-Opens This Week is INSIDE CHARITY findings regarding the SBA’s new round of PPP2 loans. The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced this weekend that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new nonprofits and certain existing PPP charities. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP […]

January 24, 2021

PPP2 Nonprofit Application Download – We Submitted Ours Last Week

PPP2 Nonprofit Application Download – We Submitted Ours Last Week is based on INSIDE CHARITY’s phone conversations with the U.S. Small Business Administration this past Friday. We’re pleased to share that INSIDE CHARITY successfully completed and uploaded our PPP2 application late last week. Feel free to press the link below for your copy of the PPP2 Second Draw Borrower Application Form. PPP2 Second Draw Borrower Application Form – DOWNLOAD HERE What is the Paycheck Protection […]

February 4, 2021

PPP2 for Nonprofits – InsideCharity

PPP2 for Nonprofits is Inside Charity’s UPDATED REPORT on the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. Thankfully, PPP2 funding has not yet run out, and the great majority of applications are getting approved in a timely manner so chances are high that your nonprofit will get approved quickly if you apply with a lender soon. The Small Business Administration has reported that it has authorized $5 Billion in new PPP loans since […]