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Catalyzing Collaboration to Ensure Nonprofits Have Equitable Access to Capital

The Small Business Association (SBA) is still accepting applications for Paycheck Protection Program (PPP) loans from participating lenders one week after resuming the program but it’s unclear how long that funding will last.

The PPP, funded through the CARES Act, provides forgivable loans to small businesses and nonprofits that keep their employees on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest or utilities. The first round of funding, made available on April 3, highlighted some of the barriers facing nonprofits in accessing this capital. Most small

The Small Business Association (SBA) is still accepting applications for Paycheck Protection Program (PPP) loans from participating lenders one week after resuming the program but it’s unclear how long that funding will last.

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