SBA’s PPP Changes May Help Churches with Loan Forgiveness
Agency announces new direct forgiveness portal, removal of necessity questionnaires.
Loans
Read the Latest Update
Key Loan Forgiveness Program Change May Help Church Workers with Student Debt
Education department expands eligibility after 2017 Trinity Lutheran decision—but acceptance is still no certainty.
What the New Coronavirus Stimulus Package Means for Churches
The Coronavirus Stimulus Package creates an extension of the Paycheck Protection Program with different eligibility requirements.
Fraud Alert: What to Watch for Now That PPP Loan Amounts Are Public
Churches should be aware of fraudsters posing as lenders or SBA staff.
The Top 10 Articles on Church Law & Tax in 2020
Here’s what interested church leaders the most this past year.
Applying for PPP Loan Forgiveness
The latest instructions to help ensure the maximum amount of your church’s loan converts to a nontaxable grant.
Will Your Church’s “Good Faith Certification” for a Paycheck Protection Loan Come into Question?
For loans under $2 million, the SBA will assume the borrower determined in “good faith” that it met the PPP loan requirement.
Q&A: How Should Churches Handle the Bookkeeping for Paycheck Protection Loans?
Also, do you recommend a separate bank account for these loans?
Paycheck Protection Program FAQ
Answers to 30 frequently asked questions from church leaders.
Church Loan Modifications in a Crisis
Restructuring your church’s debt when full payment, or any payment, becomes difficult.
SBA: Religious Liberty Protections Will be Provided with Loan Program
SBA says religious liberty protections will be maintained with loan program for small employers affected by pandemic.
How Churches Can Apply for the Paycheck Protection Program
What leaders should know—including a change extending the application deadline to August 8, 2020.
With Interest Rates Up, Should Churches Borrow to Build?
Some considerations regarding debt to fund expansion or new construction.
The Five Cs of Credit in Church Mortgage Financing
What to consider before seeking a loan for property acquisitions or building projects.
Q&A: Business Acumen Matters to Church Lenders
For a mortgage loan application, don’t assume a consultant is best.
Salaries as a Percentage of Church Budget
Why churches must get the right balance, especially for a mortgage loan.
Get a Loan in the ‘New Economy’
Five tips that can help churches secure more favorable lending terms.
Q&A: No-Interest Loans
Can we provide an interest-free emergency loan to a church member?
Q&A: Pastor’s Taxable Income?
A no-interest loan to a pastor brings up a number of issues.
The New 403(b) Regulations
Impact on church retirement.