CARES Act: Information for churches

May 15, 2020

Resources and links are being updated

The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes relief measures that apply to local churches. Among the Act’s provisions is the Paycheck Protection Program (PPP). 

The CARES Act sets aside funds to offer loans to small businesses, including churches and non-profits. The loans are 100% forgivable (if you meet all requirements).

We are encouraging all of our churches to apply. Below are some resources we've gathered to help you with the application process.

Paycheck Protection Program (PPP)

The PDF of a PowerPoint below offers an overview of how this works for churches with some info specific to our Conference (click the image):

Some questions for churches on PPP

  • Things to consider both when applying and after receiving funding. Learn more
  • Find information on PPP  from the Baltimore-Washington Conference 

 

New government FAQ on PPP

May 3, 2020: Paycheck Protection Program FAQ from SBA

Read a May 6, 2020 letter from CCFA regarding this new info from SBA

 

PPP loan forgiveness

Beyond PPP