Posts Tagged: Paycheck Protection Act

PPP Flexibility Act Eases Restrictions

June 9, 2020 Posted by Kristen Anderson in COVID-19, Non-profits, Nonprofits

On June 5, 2020, the President signed the PPP Flexibility Act into law, easing restrictions imposed by the CARES Act and the Small Business Administration (SBA). The CARES Act created the Paycheck Protection Program (PPP). The PPP assists small businesses, including nonprofits, with maintaining their payroll by providing forgivable loans. The details of the original …

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Paycheck Protection Program Chaos and Frustration

April 5, 2020 Posted by Arthur Rieman in Congress, COVID-19, Crisis, Insolvency, National emergency, Non-profits, Nonprofits, Pandemic
Frustration with Chaotic launch of PPP

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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