SBA: Church Loan Details & Forgiveness Link

March 31, 2020

If you are applying for a Church Loan to Grant "Forgiveness," the details are at Small Business Administration's website for the Paycheck Protection Program. The Paycheck Protection Program specifically for churches and nonprofits can be found here. 

A sample pdf containing the information going to be required for the loan can be found here. According to the SBA website and U.S. Treasure Secretary Steven Mnuchin, applications will be available Friday, April 3, 2020.

To locate the information manually, step-by-step visit www.SBA.gov
  1. Select: Funding Programs
  2. Scroll over Loans and choose Paycheck Protection Program (PPP)
  3. Under Content, Click "Loan Details and Forgiveness" or scroll to "Loan Details and Forgiveness"

For clarity churches are permitted to apply just like a small business and considered a private nonprofit organization. Our legal advisors, Tyler & Bursch, LLP (Advocates for Faith & Freedom) have provided a helpful CARES Act FAQ article link.