| With the passage of the latest COVID-19 CARES Act legislation, the Small Business Administration (SBA) has re-opened the Payroll Protection Program (PPP) with funding for new loans for nonprofits and small businesses that have been adversely affected by the COVID-19 pandemic. Florida Community Loan Fund will accept PPP loan applications through their SBA lending partner, Community Reinvestment Fund, USA (CRF). Eligible borrowers can apply for first-time PPP funding or a Second Draw PPP loan if they meet certain criteria. FCLF plans to open their application portal in the next few days. If you are interested in accessing PPP through FCLF, please watch for an announcement on their website, www.fclf.org. Or sign up to receive their emails: FCLF.org/connect-with-us. • The program is open to any nonprofit organization based in Florida. • You do not need to be an existing FCLF borrower to apply. • No minimum loan size FCLF’s core purpose is to maximize opportunities for people and places outside the economic mainstream. Since they began 25 years ago, FCLF has supported Florida’s nonprofit sector, and are working with CRF to make sure that nonprofits can access this unique federal program. |
