paycheck protection program

PPP Loan Program Restarts, with Improved Access for Faith-based Organizations

PPP Loan Program Restarts, with Improved Access for Faith-based Organizations

The President signed into law on April 24 a bill providing extensions and modifications of the Small Business Administration’s Paycheck Protection Program (PPP) and the EIDL emergency loan and grant program. This action gives nonprofits, including churches, small businesses, and self-employed individuals and independent contractors another opportunity to receive federal support designed to counteract the economic crisis caused by the coronavirus pandemic. Organizations and individuals needing this help should act quickly. The PPP program is likely to begin again on Monday, April 27.