Faith-based organizations received much-welcomed news on Friday, April 3, when the Small Business Administration (“SBA”) published guidance indicating that it would not enforce regulations that would otherwise prohibit faith-based entities from obtaining SBA loans, including loans through the Paycheck Protection Program and Economic Injury Disaster Loan programs. Accordingly, it is now clear that the Coronavirus Aid, Relief, and Economic Security Act (“CARES”) makes assistance available without regard to whether a nonprofit provides secular services. In this uncertain environment, the attorneys at Rosenn Jenkins & Greenwald LLP are ready to assist your organization in considering and/or applying for the relief available through the CARES programs. Please contact Lee S. Piatt (lpiatt@rjglaw.com) or Christyan A. Telech (ctelech@rjglaw.com) of our Business & Finance Department if you are interested in learning more about these programs and/or our services.
Faith-based Organizations are Eligible to Apply for Relief through CARES Act Programs and Economic Injury Disaster Loans
