On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or “Act”) into law. The expansive Act is the third response package enacted by the Congress to combat the effects of the COVID-19 pandemic. Of particular interest to churches is the Paycheck Protection Program (“Program”) included in the Act.

The Paycheck Protection Program and Your Church or Nonprofit Resource answers these questions:

• What the Act Does

• Who is Eligible?

• Turning from a Loan to a Grant

• What are the Specifics?

• Hypotheticals