Nonprofit Loans & More

Everything you need to know to access the funds

 

 

 

Paycheck Protection Program Loan Forgiveness Application Process

The loan forgiveness application process is now open.

Use these guides to support your efforts.

What is this all about?

  • The CARES Act allocated $349 billion in funding to help keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small business & nonprofits.
     
  • The loans can be used for operational costs, including:
    • payroll expenses
    • health benefits, paid, sick, medical/family leave and insurance premiums
    • mortgage interest
    • rent payments
    • interest on debt incurred before the covered period
       
  • Organizations may qualify to have a portion of their loan forgiven if they meet certain requirements.

How do I file for Loan Forgiveness?

Last Updated: July 5, 2020