Newly Signed Federal CARES Act Provides Paycheck Protection for Nonprofits and Small Businesses
Updated: Apr 8
In response to the COVID-19 crisis, the CARES Act provides $349 billion for a small business paycheck protection program - this assistance is in the form of forgivable loans, which are also available to nonprofit organizations.
Applications must be submitted through a bank or lender. A sample application that provides all the information needed for a paycheck protection loan can be found in the links below. Again, all applications must originate with a bank - call your lender NOW if your business or nonprofit organization can benefit from participation in this program designed to help businesses survive these difficult times.
Nonprofit organizations on the South Cumberland Plateau are encouraged to contact Ed Simmons at Mountain T.O.P. with questions about the application process. Email Ed at firstname.lastname@example.org.
Click here for information about this government program.
Click here to access information specific to nonprofit benefits.