Michigan Nonprofit Association Blog

MNA’s Blog is designed to give you, the nonprofit community, an informal look into the issues currently facing Michigan’s nonprofit sector and an opportunity to share tools, resources and best practices. It’s also a way for us to get to know each other a little bit better through candid discussions of the topics, challenges and opportunities that our sector deals with on a regular basis. Check back daily and participate in the discussions by posting a comment or emailing our bloggers. We love hearing from you!

PPP Loans may run out prior to May deadline

Funds for a paycheck protection program loan also known as a ‘PPP loan’ may run out before the May deadline. The Michigan Non Profit Association is urging small businesses and non-profits to apply before it’s too late.

As of April 5, the small business administration approved nearly 4 million PPP loans, that’s over 150 billion dollars’ worth; However there are certain eligibility requirements to receive this type of loan.

“Non-profits have to have employees in order to be eligible for the paycheck protection program,” Vice President of Michigan Non-Profit Association, Kelley Kuhn said.

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