6.18.20 | Churches & Denominations, COVID-19 Resources, Higher Education, Nonprofit Organizations | Blog Posts
PPP Loan Application Survey Results
We surveyed leaders of churches, faith-based higher education institutions, and nonprofits about their experience in applying for funds through the CARES Act.print
The results from the 100 respondents are captured below. The majority — 87% — applied for a Paycheck Protection Program (PPP) loan rather than an Economic Injury Disaster Loan (EIDL) or both. And 80% used their current financial institution when applying.
See the survey results >
For many organizations, the next step is the complex process of applying for PPP loan forgiveness. We can help.
The CapinCrouse PPP Loan Forgiveness Application Service helps your nonprofit navigate the process of filing for PPP loan forgiveness. We understand the unique needs of nonprofit organizations, and can provide knowledge and expertise to assist you with your various lender requirements. Learn more >