The Small Business Administration (SBA) in consultation with the U. S. Treasury Department has offered clarifying guidelines for non-profits, including churches, who are concerned about good-faith certification for the Paycheck Protection Program (PPP). The guidelines are designed to give some comfort to borrowers who have had concerns about the possible need to return funds prior to a May 14 deadline.
Learn more in this report from the Evangelical Council for Financial Accountability (ECFA).
This information is provided with the understanding that Pensions and Benefits USA is not rendering legal, accounting, or other professional advice or service. Professional advice on specific issues should be sought from an accountant, lawyer, or other professional.