Posts Categorized: Crisis

Paycheck Protection Program Chaos and Frustration

Yesterday’s launch of the Paycheck Protection Program (PPP) was a chaotic mess. More frequently than not, nonprofit executives and business owners were frustrated by their inability (at no fault of their own) to apply for PPP loans. PPP to Aid Distressed Nonprofits The PPP was approved by Congress last week to provide forgivable loans to …

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SBA Loan How-To

Since the recent enactment of legislation providing COVID-19 relief to nonprofit organizations, a flood of information has deluged the Internet and inboxes about how to partake of that relief. Most of that is about the Payroll Protection Program, the forgivable loan available to small businesses including nonprofits. Unfortunately, some of this information has been incorrect, …

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The Right Mindsight to Survive the Pandemic

The world will be a different place when the COVID-19 pandemic subsides. But the world will still be here. At that time, there will be work to be done, needs to be met and new opportunities for all of us who don’t succumb to negativity, paralysis or panic. As one of the most successful species …

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COVID-19 Relief for Nonprofit Employers

In the wake of the COVID-19 outbreak, federal and state governments have provided the country with several waves of relief for employers, including nonprofits, to help ease the burdens caused by the pandemic. New programs will affect nonprofit employers by imposing upon them new obligations towards their employees and by providing them with benefits to …

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Nonprofits Already Hit Hard by COVID-19

Even at this early stage in the COVID-19 pandemic, nonprofits are already reeling from its effects. And they promise to be devastating. It’s too soon to predict the ultimate impact, but it’s a fair projection that economic ruin will fell many organizations – unless they are saved by patrons funders and legislators. Performing Arts Hard …

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