PPP Deadline for Applications Extended to August 8

July 2, 2020

The US Senate voted unanimously Tuesday to extend the deadline for applying for Paycheck Protect Program (PPP) Loans to August 8. Approximately $130 billion remains unspent under the program.

If your congregation has not yet applied for a PPP loan and is eligible, consider doing so now. Please see the right sidebar for more information on the program.

To Apply for a Second Draw PPP Loan

Your congregation will be required to certify its need for the funds and must have:

Received, and have expended or expect to expend, an original PPP loan
Experienced a 25% reduction in gross receipts in any quarter in 2020 compared to the same quarter in 2019
300 or fewer employees.

Determining Your Eligibility

To determine if you qualify, please click here to download a worksheet generously made available by diocesan auditors, PKF O’Connor Davies, LLP. Please note that this worksheet is offered “as is” and users use it at their own risk: in particular, please note the disclaimers on the Instructions tab, and review the outcome of your entries to make sure they make sense.

PKF O’Connor Davies COVID-19 Resource Center
Current information from an accounting firm.

SBA Portal with Links to All Documents and Forms

SBA FAQ for Faith-Based Organizations