Accessing Federal Relief Funds

On Friday, April 3, 2020, The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed into law.

Two programs are open for applications on a first-come first-served basis and the funding has a cap, so if you plan to apply, we encourage you to do so as soon as possible.

Thanks to our peers and colleagues from around the US who have been helping translate this information to share with you.

Here is information about the two programs you can access:

Paycheck Protection Program
The Paycheck Protection Program (PPP) provides small businesses with funds to pay up to 8 weeks of payroll costs, as well as interest on mortgage, rent, and utilities. Applications are being accepted by local lenders backed by the Small Business Administration (SBA). If your application is accepted, funds are provided in the form of loans that will likely be forgiven when used for payroll costs and following guidelines on staff retention.

SBA Economic Injury Disaster Relief and Loan Advances
On March 30, 2020 the Small Business Administration (SBA) launched a streamlined application platform for organizations and self-employed individuals applying for emergency loans, including $10,000 advance payments that will be forgiven by the federal government.

For more information:
U.S. Chamber of Commerce Foundation Emergency Relief for Nonprofits webinar
Relief fund webinars from the League of American Orchestras and Americans for the Arts.