Paycheck Protection Program
  • The Paycheck Protection Program provides funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

  • Loans will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

  • Loan payments will be deferred for 6 months. There is a 0.50% fixed interest rate.

  • Nonprofits can apply starting April 3rd. Application can be made at any FDIC-insured banking institution. It is recommended that you make application with your primary bank.

  • You will need to provide your lender with payroll documentation in addition to other information. Please contact your lender about their required documentation.

  • The program will be open until June 30, 2020, but it is recommended that you apply as soon as possible as there is a cap on how much funding is available.

  • Don't miss the how-to webinar (below): what you need to do to apply!
Virtual Learning Spotlight
Nonprofits! Access Federal Funds via the Paycheck Protection Program

  • You will learn: tips and insight for applying to the federal Paycheck Protection Program **for nonprofits!

More Virtual Learning with NPP
No Time to Wait – Fundraise NOW!

  • Provider: Emma Kieran, Principal - Pilot Peak Consulting
  • Date and time: Monday, April 6th at 1:00 PM

  • You will learn: The urgency of fundraising initiatives; virtual fundraising ideas; a diversified funding appeal & more!

  • Sign up to be notified when registration is available!
Add Virtual Races to Your Fundraising Toolkit

  • Provider: Charity Footprints
  • Date and time: Tuesday, April 7th at 1:00 PM

  • You will learn: what a virtual race is, the benefits, how to host a virtual race, and more about Charity Footprints!

  • Sign up to be notified when registration is available!
How to Fundraise in the Time of COVID-19

  • Provider: Chad Barger, CFRE - Productive Fundraising
  • Date and time: Wednesday, April 8th at 1:00 PM

  • You will learn: current thought leadership on what nonprofits can do to raise money and deepen donor relationships

Additional Call to Action Items
  • Please complete the second edition of the COVID-19 & Your Nonprofit Sector survey here - we want to help! This survey will close this Friday, April 3rd.

  • NAMI of Erie County is hosting an online support group weekdays at noon - take advantage of this opportunity if needed and share with your stakeholders!

The Nonprofit Partnership | YourNPP.org