3.30.20 | Churches & Denominations, COVID-19 Resources, Higher Education, Nonprofit Organizations, Nonprofit Tax | Email Alerts
Key Provisions of the CARES Act and Paycheck Protection Loan Program
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which is estimated to provide more than $2 trillion in economic aid in response to the COVID-19 pandemic.
- We’ve put together a summary of key provisions of the CARES Act and how they affect nonprofits, churches, and educational institutions. Read the article here.
- The CARES Act creates a new Paycheck Protection Loan program (PPLP) designed to provide small businesses, including nonprofits, with immediate access to cash to allow them to survive the disruption caused by the COVID-19 pandemic. Here’s what to know.
- We’re offering a free webcast about the new COVID-19 legislation on Wednesday, April 1 at 4 p.m. EDT. You can register here or watch for an official email invitation with additional details later this afternoon.