Thread by @jjmillard, Dear nonprofit leaders: I hope you all have resources and support in [...]

Jamie Millard

jjmillard

Dear nonprofit leaders: I hope you all have resources and support in navigating the opportunities for economic relief in the CARES Act.

Pollen will be applying for the Paycheck Protection Program and the SBA EIDL Grant.

I've felt very supported by my bank, accountants, and board in navigating these opportunities.

Applications for the PPP open tomorrow. Here are resources I've found useful:

1) This chart: https://www.councilofnonprofits.org/sites/default/files/documents/cares-act-loan-options-for-nonprofits.pdf
2) This SBA how-to page: https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp

Paycheck Protection Program (PPP)

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

https://www.councilofnonprofits.org/sites/default/files/documents/cares-act-loan-options-for-nonprofits.pdf

3) This guide from @mndeed https://mn.gov/deed/newscenter/press-releases/?id=425890
4) This resource list from @PropelNP: https://www.propelnonprofits.org/covid-19-resources-for-nonprofits/

COVID-19 Resources for Nonprofits - Propel Nonprofits

Propel Nonprofits is providing no-cost technical assistance to nonprofits who are facing hard decisions in light of the Coronavirus (COVID-19) pandemic. In addition, check out this list of other...

https://mn.gov/deed/newscenter/press-releases/?id=425890

And if you need more resources I could email you these:

1) a spreadsheet from my bank that my accountants used to determine our PPP loan request amount.
2) a "Coronavirus (Covid-19) Emergency Financial Relief Policy" that my board approved today

jamie@pollenmidwest.org

Slide into my DMs or email if you want to chat, if you need support, if you want to cry together.

There are lots of smart people out there helping on this, I just want to make sure everyone has equitable access in navigating these resources.

You can follow @jjmillard.

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