Repost: U.S. Nonprofits and Suppliers - What You Need to Get an Emergency Forgivable COVID-19 Loan

April 1, 2020

April 1, 2020      Roger and Kevin

Whether you like or loathe April Fools' jokes, given the seriousness of the health crisis gripping the world we think you'll agree with us that today just isn't the time for a good joke.

Instead, we’re posting this Agitator Guide titled, The Skinny on What You Need to Get a Small Business (under 500 employees), Forgivable Loan. The post is directed to US nonprofits and for-profit entities serving our sector.

Background

The Payroll Protection Act, which is part of the larger CARES Act is what we'll be summarizing and surmising.

For reasons that are unimportant to this summary, Kevin has combed the 800+ pages of this bill counting earlier drafts and final legislation at least 30 times and is an unintended and undesired "expert" on it. This isn't a brag or as his twenty something offspring would say, a "weird flex" (Google it), just an artifact of the crazy times we live in-

If you have specific questions for your charity that this doesn't answer (and it won't answer everything and everything isn't even answerable as we write this) you can reach us at the emails below.

We hope this guide is helpful. Equally, we hope you'll share your experiences in seeking aid with us.

Roger Craver ( Roger@TheAgitator.net)

Kevin Schulman ( kschulman@thedonorvoice.com )

Read the entire article on The Agitator

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