Resources from CapinCrouse Partner and Tax Counsel Ted Batson
The Small Business Administration has now released a frequently-asked-questions document that more fully addresses the concerns many churches and faith-based organizations have raised regarding eligibility for and the impact of receipt of a Paycheck Protection Program (PPP) Loan or Economic Injury Disaster Loan (EIDL) on religious liberties.
The questions and answers are very pointed and provide answers that should provide comfort and assurance to churches and faith-based organizations.
In addition, this publication by Republican staff of the House Ways and Means Committee has some guidance for churches applying for a PPP loan.
How Churches Can Apply for the Paycheck Protection Program
In this Church Law & Tax article, CapinCrouse Partner and Tax Counsel Ted Batson explains what church leaders should know to prepare their application for funds from the new Paycheck Protection Program in the stimulus package.
It includes steps churches should take after they receive a loan as well. You can read the full article here.