Skip Navigation or Skip to Content

Tag: COVID-19 for Nonprofits

Newsroom image for the post CARES Act Loan FAQs for Nonprofits, Foundations and Small Businesses

Posted April 6, 2020 with Tags ,

CARES Act Loan FAQs for Nonprofits, Foundations and Small Businesses

The U. S. Small Business Administration (SBA) on April 2, 2020, released an Interim Final Rule regarding how the agency will implement the “Paycheck Protection Program” of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act also expands the SBA’s long-standing Economic Injury Disaster Loan Program (EIDL). We address some Frequently Asked Questions as to why nonprofits, foundations, and small businesses should be paying attention to these CARES Act loan programs.

Scroll to the top of the web page anchor link.