The Paycheck Protection Program (PPP) is a loan program created by the federal government’s CARES Act that authorizes forgivable loans to nonprofits and other business entities to pay their employees and cover certain other core expenses during the COVID-19 crisis.
The second round of $310 billion will is now available. This round could be exhausted even faster than the first, so it’s crucial that organizations that plan to apply act quickly.
UWGPSNJ is happy to report that a number of United Way funded partners were able to secure PPP in the first round and that many more plan to apply in this subsequent round. We have compiled resources that we hope will assist you in understanding the law, process, and requirements, as well as our recent recording, slides and chats from last weeks PPP webinar.