Staying Afloat: What You Need To Know
Your Part-Time Controller, LLC is dedicated to providing up-to-date information and resources that will help nonprofits stay financially afloat through these times of uncertainty caused by Coronavirus. Follow the links below to access information that could help you.
Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020 provides opportunities for financial relief for nonprofits in many ways. Two of the most significant are loans available under the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program Loan (PPPL) programs. Under the EIDL program, applicants can request an emergency grant advance up to $10K. And, PPP loans have the capability to be wholly or partially forgiven. Visit the Small Business Administration (SBA) for additional information or click on the links below.
The CARES Act provided millions of dollars in additional grant appropriations. Nonprofits can go to grants.gov to search for the latest grants postings. Time is of the essence- many of these close before the end of April!
Economic Injury Disaster Loan (EIDL) and $10,000 Emergency Advance Application
Paycheck Protection Program Loan (PPPL)
Access our webinar materials:
Kerri Padgett, YPTC National Training Director is interviewed by MPT News!
Catch YPTC Managing Partner Jennifer Alleva on The American Nonprofit Academy’s The Corona Chronicles
View the April 17th webinar recording – Staying Afloat: Financial Scenario Planning During a Crisis.
Download the April 17th webinar slides – Staying Afloat: Financial Scenario Planning During a Crisis.
Download our latest whitepaper: COVID-19 Legislation and Nonprofit Funding Opportunities
View the recording and materials from our 4/10 webinar in partnership with Network For Good- The CARES Act: What Every Nonprofit Should Know
View the recording of our 4/3 webinar, Staying Afloat**
**Please note- the webinar presentation was based on information released prior to April 3, 2020. Since then, some information may have changed.
Would you mind taking a brief survey to share your experiences in applying for PPPL and EIDL?
Disclaimer: Every situation and every nonprofit are different. The materials provided are not a substitute for accounting, consulting, financial or legal advice, but are for educational purposes only and should not be relied on. If you have any specific questions or want any further guidance, please reach out to your accountant, financial advisor, banker, or attorney for more information. YPTC does not accept responsibility for the accuracy of the information, nor any interpretation or application by the reader of the information contained herein.