CARES function hints and tips: the way to get a forgivable financing for your own nonprofit
Hello, friends & household through the nonprofit world today. Thanks for most of this epic perform you do found in this tough time.
This informative guide is designed to allow nonprofits with under 500 staff browse the debts allowed by the CARES work. Specifically, it’ll concentrate on the small enterprise financing service (segment 1101-1107), called the Paycheck Safety system .
This guide will be constantly updated as newer know-how gets offered. Should you have recommended improvement or features, kindly email Jenny Xia Spradling (JennyFreeWill).
Our very own goals would be to let your company endure and flourish through this instant. Hopefully this could be handy even as we cope with this together.
Jenny & The FreeWill Organization
Disclaimer: FreeWill is absolutely not a legal or financial advisory fast. The subsequent ought not to be taken as legal or financial pointers. Actually a listing of the advice we have today observed so far, because of these sources.
Summary of debts open to lightweight Nonprofits from Stimulus system
The Coronavirus Aid, therapy, and commercial Security (“CARES”) payment passed on monday, March 27.
The little organization loaning premises (part 1101-1107), called the salary Safety Application , is definitely a $350B system for companies and nonprofits with less than 500 staff members. Read more