The economic fallout of COVID-19 has hit nonprofit organizations hard.
Not only are many facing increasing demand and new challenges created by social distancing, they are also facing financial shortfalls as sources of funding shrivel.
Within the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), there are relief options for nonprofits that include:
- Paycheck Protection Program
- Economic Injury Disaster Loan
- Mid-size business loans
- Employee retention credit and payroll tax deferral
Download our table to see a comparison of eligibility requirements, loans amounts and allowable uses, among other elements.
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