Federal Loans CARES Act and SBA Loans
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is now a federal law that comes with substantial financial support for nonprofits, including loans and employee-retention and deferral of payroll taxes credits. The resources below will help you determine if your nonprofit qualifies for emergency aid from the U.S. government as a result of the COVID-19 crisis.
- Watch the recorded webinar from April 2, 2020, How to Navigate the CARES Act, presented by financial and public policy experts, and learn about potential grant funding available to your organization, including how to navigate the Paycheck Protection Program and Economic Injury Disaster Loan Program.
- Review the Paycheck Protection Program qualifications for information about receiving loans from the U.S. Small Business Administration (SBA) for nonprofits with fewer than 500 employees.
- Get details on the SBA’s Economic Injury Disaster Loan to see if your nonprofit qualifies for up to a $10,000 emergency loan advance. And visit the SBA’s funding programs page for other potential grants available to your organization.
Funding levels are fluid and the SBA's website will offer the latest information on whether funds are currently available. Congress is working to infuse more funds to these programs so if the SBA's website indicates they are currently unable to accept new applications, please check back regularly.
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