The Paycheck Protection Program will enable eligible nonprofit organizations that have been adversely affected by the COVID-19 pandemic to obtain funds to cover payroll, rent, interest, and utilities. For further information on the Paycheck Protection Program, please refer to Small Business Relief Through the Paycheck Protection Program. The SBA has also provided specific guidance stating that faith-based organizations, including houses of worship, are eligible to receive loans under the Paycheck Protection Program and the Economic Injury Disaster Loan Program. For further information specific to faith-based organizations, please review our previous article SBA Clarifies Religious Organizations May Seek Paycheck Protection Loans or the SBA Faith Based FAQs Sheet.

Additionally, nonprofit employers will also be eligible for refundable payroll tax credit relief and deferral of payroll taxes as described in Business Tax Benefits.

Finally, nonprofit organizations that employ 500–10,000 employees may also be eligible to apply for and obtain loans under the “mid-sized business” loan program established and funded by the $454 billion allocated to the U.S. Treasury on the same terms and conditions as similarly sized for-profit businesses (loans bearing a maximum rate of 2% with no principal or interest due for six months) For further information on the “mid-sized business” loan program, please refer to relief for Larger Distressed Companies.