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 …
PPP Deadline for Applications Extended to August 8 Read More »
On June 5, the President signed the Paycheck Protection Program Flexibility Act. This legislation makes some important positive changes to the Paycheck Protection Program: It extends the time period to use PPP loan funds and still qualify for loan forgiveness from 8 to 24 weeks. It reduces the amount of PPP loan funds that must …
In a May 13 update of its PPP FAQ (see FAQ 46), the SBA said that all recipients of PPP Loans of less than $2 million will be deemed by the SBA to “have made the required certification concerning the necessity of the loan request in good faith.”
On April 21, 2020, the US Senate passed the “Paycheck Protection Program and Health Care Enhancement Act.” This relief measure, which is expected to be approved by the House of Representatives and signed by the President later this week, authorizes an additional $321 billion for the Paycheck Protection Program (“PPP”), which provides forgivable loans to …
Parishes Advised to Apply/Re-Apply Quickly for Newly Voted Additional PPP Funds Read More »
FAQ about the Federal Paycheck Protection Program, specifically prepared for the parishes of the diocese.
April 3 communication urging parishes to move expeditiously to apply for Federal CARES Act Paycheck Protection Program loans.