Resources for Non-Profits
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses and nonprofits stay afloat amid the pandemic and economic downturn.
Visit the Alaska Small Business Development Center’s COVID-19 Resource Page for more information.
Provides non-profits with zero-fee, forgivable loans of up to $10 million to cover payroll and other operating expenses. Non-profits can apply for loans to pay for payroll, rent, mortgage interest, or utilities, and if used for those purposes, loans will be forgiven. This means non-profits can keep employees on staff and pay rent without taking on further debt. Current law dictates that the Paycheck Protection Program (PPP) close at the end of August 8, 2020. As such, SBA is no longer accepting PPP applications from participating lenders.
Loans up to $2 million for small businesses with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons). In addition to the loan, applicants can receive $1,000/employee for a maximum of $10,000 cash advance that does not need to be repaid, regardless of whether the applicant is approved for the loan itself.
Small business owners and non-profit organizations in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan (EIDL). EIDL is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities, and fixed debt payments.
Applicants who have already submitted will continue to be processed on a first-come, first-served basis. To follow-up on an application, connect with the SBA Disaster Assistance Customer Service Center directly at 1-800-659-2955 (TTY: 1-800-877-8339) or by e-mail at email@example.com.
NON-PROFIT RESOURCES VIA THE FORAKER GROUP
Our partners at the Foraker Group have assembled a number of resources to assist Anchorage nonprofits, including:
- Human Resources
- Budget & Finances
- Local Funds
- Public Policy
- Working Remotely