COVID-19 Resources for Nonprofits

In addition to the below resources, Propel Nonprofits is providing no-cost technical assistance to nonprofits in the Upper Midwest as it relates to finance, strategy, and governance questions or concerns. Whether you need to revise your cash flow projections, a sounding board as you strategize next steps, or guidance as a board member on how you can be most supportive, don’t hesitate to reach out to any of our staff. We’ll be revising and updating the below list of resources in the weeks to come.


Small Business Administration’s Paycheck Protection Program (PPP)

Nonprofits with less than 500 employees qualified for this  SBA program. The Paycheck Protection Program provides potentially forgivable loans for nonprofits at 2.5 times their average monthly payroll for up to $10 million. Nonprofits should apply through their bank. This program was designed to be streamlined with the goal of helping nonprofits retain their employees; there’s no penalty for a “good enough” application.

The Paycheck Protection Program (PPP) is open until May 31, 2021, and available for nonprofits that did NOT receive a PPP loan in 2020. Second Draw PPP loans for nonprofits that meet the eligibility requirements are also available.

Finance

Sources of Financing

Financial Management & Planning

Strategy

Governance

Other

Sign Up for our E-Newsletter

To continue to get updates on our virtual trainings, new resources, and other helpful resources related to managing through this time of change, sign up here.

E-Newsletter Sign-Up