PPP LOAN APPLICATION RESOURCES The Small Business Administration (SBA) issued interim final guidance on PPP loan forgiveness. Our national partners at the National Council of Nonprofits have conducted a thorough analysis of this guidance. Click here . The application form and instructions for Paycheck Protection Program (PPP) loan forgiveness are available on the SBA’s website. The application allows borrowers to calculate payroll costs using an “alternative payroll covered period,” provides options for including eligible payroll and non-payroll expenses paid or incurred during the eight-week loan period, and explains statutory and regulatory exemptions from loan forgiveness reduction based on rehiring.AAFCPAs has additional information–including step-by-step loan forgiveness calculation instructions– here .
FAQs on the PPP Loan Program were published by the SBA and Treasury Department and are accessible here . The Federal Reserve Bank of Boston published these resources for nonprofits, including a list of organizations able to provide technical assistance. TSNE MissionWorks published this step-by-step application guide to help nonprofits prepare an application for a PPP loan. In addition, they are providing up to six hours of 1-on-1 virtual application assistance: sign ups are here . The CARES Act Support Team, supported by the Fish Family Foundation, has put together a free playbook of application resources and assistance for nonprofits: click here . FMA has additional resources and free virtual application workshops for nonprofits interested in applying for the Paycheck Protection Program: click here. PPP Loan Forgiveness Calculator: click here .