Ministries that obtained Paycheck Protection Program funding through the CARES Act can have their loans forgiven, turning them into grants. To qualify, each borrower must file a forgiveness application with its PPP lender, proving that it followed the rules. If your ministry meets all the criteria, 100% of its loan can be forgiven.
The process of seeking PPP loan forgiveness has been complicated by evolving guidance and ongoing changes to the rules. It can be hard to know where to start. To assist churches, BRN Partner Brotherhood Mutual compiled the following steps to help your ministry apply for PPP loan forgiveness.
Click button below to view the steps.