Nonprofit Resources for COVID-19

Thanks to B. Kyle and the intrepid team at S. Paul Area Chamber for this digest of resources available for Nonprofits: 

Today’s look: “I’m a nonprofit with fewer than 500 employees. What are my options?”

Only two questions need answering today: 

1.Who is eligible?

EIDL: The CARES Act amends the SBA’s EIDL program such that all nonprofits, including religious organizations and 501c6s (like us chambers), are eligible for both the loans and the advance of up to $10,000. See more information here.

PPP: Nonprofits in the 501c3 and 501c19 (veterans organizations) categories are eligible.

2. What programs are we eligible for? The National Council of Nonprofits provided a webinar earlier this week and has posted a chart on their webpage highlighting programs and eligibility. See more information here.

If you’d like more details about these loan programs, view the recording of a webinar from March 31, "Federal Coronavirus Relief Bills: What Do They Mean for Nonprofits?"

A summary of the other programs can be found in my Sit Rep from 4/6 and 4/8. [Reposted in the ESABA Blog under 'Small Business Resources for COVID-19"].

Know that we continue to work with our partners to organize information and coordinate efforts to educate our community. As always, if you still have questions about resources available, contact our Rapid Response Team to assist you in finding an answer.

Be well, and I hope you enjoy a beautiful weekend.

B Kyle

President/CEO

Saint Paul Area Chamber of Commerce