The CARES Act economic stimulus package created a forgivable loan program in the wake of the COVID-19 crisis. Religious organizations are among those who may qualify for assistance. Here’s what you need to know about the Paycheck Protection Program, which is accepting applications through August 8, 2020.
Below are 7 quick takeaways about the small business loan program. Brotherhood Mutual encourages you to talk with your ministry’s financial institution/advisor or legal counsel for details.
* We do not endorse any particular service providers. This information is being offered as an additional option ministries may consider.
Updated July 6, 2020
The information provided in this article is intended to be helpful, but it does not constitute legal advice and is not a substitute for the advice from a licensed attorney in your area. We strongly encourage you to regularly consult with a local attorney as part of your risk management program.
Thank you for your interest in Brotherhood Mutual. We appreciate the opportunity to provide your church or other ministry with an insurance quote and will reply to your request as soon as possible.
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