Apply ASAP: Paycheck Protection Program
Attention all nonprofit leaders, small business partners and tribal businesses. We urgently recommend you contact your bank today for the Small Business Administration’s Paycheck Protection Program (“PPP”). The program authorizes up to $349 billion in forgivable loans to cover payroll, rent and utilities. Your organization may receive up to two months of payroll costs plus 25%.
You must act quickly. Applications can be submitted starting April 3, and the full amount is expected to be depleted rapidly.
Click here for a PDF explainer, and visit sba.gov for more details. Most importantly, contact your bank today!