Loans Available for Nonprofits in the CARES Act (Public Law 116-136)
The Coronavirus Aid, Relief, and Economic Security Act CARES Act (Pub. L. 116-136) defined a number of programs that charitable nonprofits will be eligible to apply for. The chart that follows provides information on those loan options, eligibility criteria, terms, and application information. This chart is neither financial nor legal advice for any specific organization. It is an analysis of the new law before any rules or regulations. Visit this web page for additional information: https://www.councilofnonprofits.org/trends-policy-issues/loans-available-nonprofits-the-cares-act-public-law-116-132.
For more details about these loan programs, view the recording of our webinar from March 31, "Federal Coronavirus Relief Bills: What Do They Mean for Nonprofits?http://www.youtube.com/watch?v=2yTDrfAdQVM" YouTube link: http://www.youtube.com/watch?v=2yTDrfAdQVM
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