This email is being sent to all active pastors, church offices,
congregational presidents, congregational treasurers,
and school administrators
of the Southern District.
Re: IMPORTANT Information Regarding
Today is the deadline to apply if you want to apply for both the paycheck protection loan and the economic injury disaster loan. If you apply after today you're still eligible but you can only apply for one. So what you can do today is get online at SBA.gov and apply for the economic injury disaster loan. This is a loan which needs to be repaid. The interest rate is 2.75% and it's handled through your local bank. Once you apply for this you will also be eligible to apply for the paycheck protection program. This is a loan which can be forgiven as long as you continue to pay your employees.