Pro Bono Partnership of Atlanta
The SBA and Treasury issued more clarification about the Paycheck Protection Program (“PPP”), and what happens if a borrower does not spend at least 60% of their PPP loan on payroll costs. The additional Interim Final Rules state that PPP borrowers may still be eligible to have a portion of their loan forgiven, and the …
On Monday, June 15, 2020, the United States Supreme Court issued an historic decision in Bostock v. Clayton County, Georgia acknowledging that the prohibition of discrimination based on sex contained in Title VII includes the prohibition of discrimination based on sexual orientation and gender identity. Under this decision, all employers in Georgia that are subject …
Insolvency & Bankruptcy: Part 2 of the Options for your Nonprofit in these Tough Economic Times Series Your organization’s revenue is down, workforce is changing, and facilities are underutilized. What can a nonprofit do? What MUST it do? As your organization considers its options as an entity and a steward, there are several possibilities out …
On May 13, 2020, the Treasury and the SBA issued a new FAQ #46 which provides an important safe harbor for borrowers that received Paycheck Protection Program (PPP) loans of less than $2 million. The CARES Act requires that borrowers certify that “the uncertainty of current economic conditions makes necessary the loan request to support …
Are you bringing volunteers, clients or others back to your facility? If so, this questionnaire might be helpful to use with volunteers, clients or other visitors to your facility to assist in screening out those with potential exposure to COVID-19. If you use this document, please verify that every statement in the questionnaire is accurate …
On Wednesday, Congress passed The Paycheck Protection Program (“PPP”) Flexibility Act and the President is expected to sign it. The PPP Flexibility Act gives more time and flexibility to businesses, including nonprofits, that receive forgivable loans through the PPP. For more information, see this article.