Like so many non-profit and faith organizations, Disciples congregations still require building and financial support throughout the coronavirus pandemic. Stay connected with the most recent updates from Disciples Church Extension Fund and find the resources you need to take care of your congregation, building, and finances. All in one place.
The Small Business Administration recently published guidance regarding applying for Forgiveness of the PPP Loans that have been funded. A link to that document is below, as well as the most recent version of the PPP Frequently Asked Questions document, also published by the Small Business Administration.
The application for Forgiveness of PPP Loans is done through the lending entity that funded the loans. Reach out to your lender if you have questions pertaining to the application for forgiveness process as it relates to that specific entity.
PPP Loan Forgiveness Application
PPP Frequently Asked Questions
The U.S. federal government has allocated more than USD $350 billion to assist small businesses, including non-profits such as congregations and other denominational organizations, in keeping employees on the payroll and covering critical expenses through this trying financial time. The CARES Act created the Paycheck Protection Program (PPP), providing loans through the Small Business Administration with provisions for loan forgiveness of up to 100%, depending upon how the loan funds are spent.
Disciples Church Extension Fund is collaborating with an organization we use for some of our employee benefits, Cost Stewardship, Inc., to provide assistance to Disciples congregations and organizations wanting to apply for these loans.