Update from SBA on Paycheck Protection Program and Faith-Based Organizations
posted on April 04
|Important Update Regarding SBA Funding Opportunities for Faith-Based Organizations|
Last night, the Small Business Administration issued a Frequently Asked Questions (FAQ) document for Faith-Based Organizations regarding participation in the Paycheck Program Program (PPP) and the Economic Injury Disaster Loan Program (EIDL).
Click here to download that PDF document from the SBA website. A copy of the document is also linked near the bottom of this email where it says "Files:".
Local church leaders should be looking at this for your ministry, talking with your bank, and working on the necessary information. It is time sensitive. Applications for some banks started yesterday, and more have their information open today.
Links to more information on SBA Website:
- Coronavirus Relief Options landing page
- Paycheck Protection Program details
Our prayers continue to be with you and your congregation as you lead in these new and critical times.
Your Northern Piedmont District Staff