PAYCHECK PROTECTION LOANS
AND OTHER COVID-19 RESOURCES

• Applications are now being accepted for the many forms of relief associated with the historic $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that was signed into law on March 27, 2020 and other federal relief programs.
   
• For a list of resources by region, check out this COVID RELIEF DASHBOARD. Click on Regional Relief at the bottom of the page.

From our partners at Raben Group:

WEBINAR: The CARES Act Becomes Law: What It Means for Media Artists and the Entertainment Industry

Learn about and discuss how the largest emergency aid package in U.S. history — the CARES Act — can support artists, content creators, and talent. 

When: Tuesday, April 7th at 10:30am PT/1:30pm ET 
Where: Webinar link to be provided to participants following registration
RSVP: bit.ly/CARESforArtists

• Time is of the essence to prepare and submit your application for the SBA Paycheck Protection COVID-19 relief loan program, as these dollars will go quickly and nonprofits are eligible but potentially disadvantaged. Getting your application in as early as possible is one of the best things you can do.
   
  • Small businesses and sole proprietorships can begin applying for loans on April 3, 2020. 
  • Independent contractors and those who are self-employed can begin applying on April 10, 2020.
     
• Talk to a lender who already knows you. They need to be approved to do 7a loans in order to process this loan. Here is a list of the top most active 100 SBA lenders. As you are applying for these new loans, be sure to read current loan documents and keep in touch with current lenders.
   
• Need guidance on small business relief, including applying for SBA loans? This is a very useful article.
   
• Have your different scenarios ready for cost containment and new revenue generation. Here is the 20 Degrees Nonprofit COVID-19 toolkit that can help with that.