Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
For eligible nonprofits, the CARES Act includes loans for:
Eight weeks of salary, health insurance and other overhead costs.
Loans can be forgiven if employees are kept on payroll for that period of time.
Loans will be available at almost any FDIC-insured bank.
Loans could be available as early as next week with possible turnaround in the same day as application.
Funds can be used to rehire staff that were laid off due to Coronavirus.
Other benefits included.
Details and process are still being finalized. Please stay tuned for more information or schedule some time to talk with NPP Executive Director, Adam Bratton.
Roughly $8 billion has been allocated for Coronavirus prevention, preparation and response efforts through the Families First Coronavirus Response Act. What does this mean for nonprofits?
While still not completely clear (have you ever tried to read an Act? Sheesh - explain it to me like I'm five, please), the Pennsylvania Association of Nonprofit Organizations (PANO) is convening nonprofits and experts to noodle through it together!
Care to join? Click here to register for TODAY'S 12:00 PM discussion with PANO: "Q&A About H.R. 6201: Families First Coronavirus Response Act."
Now is not the time to be shy... ask your donors for support!
Nonprofits need help now more than ever and donors want to help! Are you asking? Need some help? Check out the links below or schedule some time to chat with Adam.
