SBA Loan Programs: What Nonprofits Need to Know
Date & Time: April 9, 2020 11 a.m.
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The 2.2 Trillion dollar Coronavirus Aid, Relief, and Economic Security Act (CARES Act) recently signed into law, has a provision called the SBA Paycheck Protection Program.
The Paycheck Protection Program is a $350 billion dollar lending program. They are federal loans administered by the Small Business Administration (SBA).
These SBA loans may help American Legion Posts and other veteran owned businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
Author: Web Team
Rick is a veteran of the Marine Corps and served during the Vietnam War era. He serves as a Technical Advisor to the Media and Communications Commission. He is a member of the Department Web Team. Rick received the Otto Hasse Legionnaire of the Year Award in 2016, Department of California Award for work on the department website in 2019, and in 2023 Rick received The American Legion Medal of Merit from the Department of California.