SBA: PPP Re-Opening and New Guidance Announced

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First […]

HUD: $10 Million in “Sweat Equity” Grants Announced

Grants help hundreds of families work alongside non-profits to build their homes and achieve homeownership The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 536 affordable homes for hard-working, low-income families […]

Federal Reserve: Main Street Lending Program Modified to Provide Greater Access to Credit for Nonprofit Organizations

The Federal Reserve Board on Friday modified the Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. As detailed in term sheets released today, the Board approved two new loan options to provide support to a broad […]

SBA: $20 Billion Provided to Small Businesses and Nonprofits through Economic Injury Disaster Loan Advance Program

Today, the U.S. Small Business Administration announced the conclusion and success of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion in emergency funding.  In order to assist the greatest number of small businesses, the EIDL Advance […]

SBA: Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Nonprofits Impacted by COVID-19

To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. “The SBA is strongly committed to working around the clock, providing dedicated emergency […]

Federal Reserve: Announcing the Puerto Rico Nonprofit Leadership Development Initiative

The Puerto Rico Nonprofit Capacity Building Network, a collaboration among Enterprise Community Partners (Enterprise), NeighborWorks America (NeighborWorks) and Fundación Comunitaria de Puerto Rico (FCPR), today announced the six Puerto Rico nonprofits selected for the inaugural cohort of the Puerto Rico Leadership Development Initiative. The six nonprofits, representing all major regions across the island, will each receive a $35,000 grant, technical assistance, […]

FEMA: $200 Million in Supplemental Funding Provided for Resources that Support Economic Emergencies including Hunger and Homelessness

Today, FEMA announced $200 million in supplemental funding allocations to local jurisdictions across the country to supplement local service organizations that provide critical resources to people with economic emergencies, which include our hungry and homeless populations. In addition to the $200 million supplemental funding from the Coronavirus Aid, Relief and […]