COVID-19: UPDATED Nonprofit FAQ for CARES Act Paycheck Protection Program

K&L Gates LLP
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Although nonprofit organizations have not traditionally been eligible for financial assistance from the Small Business Administration (“SBA”), the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) expressly designates certain types of nonprofit organizations as being eligible recipients of loans under the Paycheck Protection Program (the “PPP”) provided under Sections 1102 and 1106 of the CARES Act.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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