Applying for PPP Loan Forgiveness

Organizations that obtained Paycheck Protection Program (PPP) funding through the CARES Act can have their loans forgiven, turning them into grants. To qualify, each borrower must file a forgiveness application with its PPP lender, proving that it followed the rules. If your church, school, college, or camp meets all the criteria, 100% of its loan can be forgiven.

The process of seeking PPP loan forgiveness has been complicated by evolving guidance and ongoing changes to the rules. It can be hard to know where to start. Brotherhood Mutual has compiled the steps to help your church, school, or nonprofit ministry apply for PPP loan forgiveness.

Read the company’s recent article, Applying for PPP Load Forgiveness: Get Help with Your Application to learn whether or not you qualify and how to apply.

Note: We are expecting to hear additional information from the U.S. Small Business Administration as Congress discusses additional changes to the PPP program. Stay tuned.