Most answers to questions may be found in the FAQ. More challenging legal needs will be forwarded to attorneys.
Last month congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. There are three distinct loan programs that nonprofits can tap to get cash to retain or rehire staff, meet operating costs, etc. And it can be confusing. How do you know if you meet the criteria? What information do you need to have? Colorado Nonprofit Association is partnering with lawyers from We The Action and with banks to provide no-cost q & a to assist you in navigating the process.
If you have decided to apply for the Payroll Protection Program, contact your bank as local banks are processing the loan applications. Your bank can tell you whether they are an SBA lender that can process your application. Each bank may have a slightly different application process.
Note: By submitting this request, you are allowing this information to be distributed for the purpose of securing assistance for your nonprofit organization. Although we will make every effort do to so, the we cannot guarantee assistance for your organization.
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