CARES Act: Overhead Funding For Nonprofits
The Coronavirus Aid, Relief, and Economic Security (CARES) Act has some key provisions which may offer certain nonprofits the emergency funding needed to continue operations during this time of economic uncertainty. LOAN PROGRAMS Paycheck Protection Program provides loans through the Small Business Administration (SBA) that may fund payroll costs and occupancy costs such as mortgage interest […]
Emergency Funding Options for Businesses
Economic Injury Disaster Loan (EIDL) Some businesses prior to the passage of the CARES Act may have created an application for the Disaster Relief lending that was being offered by the federal government (Economic Injury Disaster Loan). Please note that these loans do not have the same lending provisions and forgiveness provided in the CARES […]