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Churches & Nonprofits, $350 Billion You Are Eligible for Will Go FAST - Here’s What You MUST Know
On Friday, March 27, 2020, President Trump signed into law the CARES Act, which provides financial assistance to both 501(c)(3) organizations and small businesses employing under 500 employees. Within the $2.2 trillion CARES Act, $350 billion is targeted for the Paycheck Protection Program (PPP) funding 2 ½ months of an organization’s average monthly payroll costs (including benefits) as a loan. This loan can be forgiven if the size of the organization’s workforce remains the same in 2020 as it was in 2019.
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