News & Analysis as of

Loans Nonprofits

Proskauer Rose LLP

Paycheck Protection Program – SBA Clarifies PPP Guidance

Proskauer Rose LLP on

Third-Party Payroll Providers Cleared - On June 13, 2023, the U.S. Small Business Administration (“SBA”) issued new FAQ 72 (“FAQ 72”) to help clarify whether amounts paid by borrowers to third-party payers for the...more

Buckingham, Doolittle & Burroughs, LLC

Get ready for Paycheck Protection Program Round 2: PPP Loans return in newest COVID-19 relief bill with added tax benefits and...

On December 21st, Congress passed a new COVID-19 relief bill titled the Consolidated Appropriations Act that provides for a variety of financial stimulus measures, including $325B in aid for small businesses, $166B in...more

Nelson Mullins Riley & Scarborough LLP

Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act Provides Additional Funding to Small Businesses Under the...

In response to the continued market disruption and economic impact of the COVID-19 pandemic, Congress passed the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, or the Act, on December 21, 2020 as a part...more

Foley & Lardner LLP

Federal Reserve Announces Main Street Loan Program for Nonprofits

Foley & Lardner LLP on

The Federal Reserve Board is seeking comment by June 22, 2020 on proposed modifications to the Main Street Lending Program to include loans options for small and medium nonprofit entities organized under 501(c)(3) or...more

White and Williams LLP

The Main Street Business Lending Program – Opening of Lender Registration and Proposed Expansion to Nonprofit Loans

White and Williams LLP on

On June 15, 2020 the Federal Reserve announced that lender registration is officially open under the Main Street Business Lending Program (Main Street Program). Registration instructions and the form loan participation...more

Butler Snow LLP

The CARES Act and Nonprofit Organizations

Butler Snow LLP on

Nonprofit organizations are included among the several different types of beneficiaries under the CARES Act $2.2 trillion economic relief passed by Congress in response to the COVID-19 pandemic. That said, not all types of...more

BakerHostetler

Summary of SBA's COVID-19 EIDL Loan Program

BakerHostetler on

With the dire economic contractions occasioned by the rapid spread of COVID-19 nationally and globally, many businesses are quickly running short of capital to make payroll, pay rent, cover other critical overhead and remain...more

Partridge Snow & Hahn LLP

How Nonprofits Can Benefit From The CARES Act - Summary of Provisions

On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). The CARES Act benefits nonprofit organizations. The below summary contains highlights of several applicable...more

Holland & Knight LLP

Interest Rate Increase Coming for Many Tax-Exempt Borrowers

Holland & Knight LLP on

Many states, local governments and conduit borrowers (e.g., 501(c)(3) not-for-profit corporations) have directly placed tax-exempt loans (secured by the issuance of notes or bonds) with lenders, such as banks and their...more

Ballard Spahr LLP

California Creates Exemption from Finance Lenders Law for Certain Nonprofits

Ballard Spahr LLP on

The state of California amended its Finance Lenders Law in an effort to help individuals obtain access to affordable, credit-building small dollar loans. The new law makes exempt from Finance Lenders Law a nonprofit...more

Troutman Pepper

Summary Of HUD’s LEAN 232 Program E-Mail Blast: Office Of Residential Care Facilities (ORCF), April 29, 2013

Troutman Pepper on

In an effort to summarize the highlights of the U.S. Department of Housing and Urban Development (HUD) LEAN E-mail Blasts that we receive, and rarely have time to review in a timely fashion, we at Pepper are providing this...more

11 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide