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  • Writer's pictureJill Dominguez

How Nonprofits Can Apply for PPP and EIDL SBA Corona Virus Relief Loans

Updated: Apr 5, 2020

Updated April 5, 2020, at 12:00AM

The CARES Act was passed by Congress on March 27th, 2020. It provides $349 billion in aid to nonprofits and small businesses in response to the COVID19 pandemic. Each Loan has a $10,000 grant portion included.

The CARES Act Provides 2 Types of Loans

  1. Paycheck Protection Program (PPP)- This is a forgivable loan if you meet employment eligibility criteria. Loans up to $10 million. Must apply through approved SBA lenders. No security, no collateral requirements. These loans are accepted on a first come first serve basis beginning April 3rd.

  2. Emergency Economic Injury Disaster Loans (EIDL) - EIDL loans are NOT forgivable. Loans up to $2 million. Apply directly to the SBA. No security, no collateral requirements.

Compare the two types of loans before applying. Go to the link at The Jewish Federation of North America for an in-depth comparison.

You can apply for for both loans as long as they are used for different purposes, i.e., payroll expenses with PPP loan and general operating expenses with EIDL loans.

The Small Business Administration Manages Both Loan Programs

You can find eligible lenders at the SBA lender bank list to apply for PPP loans. To apply for EIDL loans go to SBA Disaster Assistance. For information on how to apply, eligibility and highlights of the loan process go to MissionWoks, Urgent Information for Nonprofits Applying for the CARES Act

Finally, if your nonprofit is applying for a CARES Act loan check and check again that the entire application is complete. Incomplete or incorrect applications will not be accepted and this may delay your application and there is no "save my place in line" for these loans.

Contact Essergy for further information and assistance.


Jill Dominguez, President/ CEO of ESSERGY, has decades of experience getting results for non-profit and for-profit companies, foundations, community organizations, private-sector lenders, government agencies and elected officials. Her expertise includes 25 years of disaster recovery and resiliency working with some of the greatest natural and economic disasters known in the United States. Her work has included recovery from hurricanes, earthquakes, floods, fires and financial disasters. An accomplished large-scale project manager, she harnesses her passion, problem-solving skills and creative management approach to help clients develop and execute strategies to achieve their goals. Her skillsets are utilized across a wide range of topics creating growth and recovery with government agencies, non-profit and small business consulting, business incubation, economic development, technology transfer, federal contracts management, strategic planning.

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