Updates from Co.act Detroit
April 16, 2021 @ 10:00 am - April 22, 2021 @ 2:30 pm
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STIMULUS FUNDS FOR NONPROFITS ARE STILL AVAILABLE!
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Applying for loans under the CARES Act — like the Paycheck Protection Program (PPP) or the Employee Retention Credit — can be a confusing and time-consuming process for nonprofits. Additionally, the deadline to apply for PPP loans is Monday, May 31, 2021, and funds may not last for much longer — that means you’ll want to act quick!
For these reasons, we are excited to be partnering with Michigan Nonprofit Association and Insights³ to offer resources, information and direct technical assistance to help you take advantage of these strategic opportunities.
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● What stimulus programs are still available for nonprofits?
Friday, April 16, 10–11AM
If you are wondering which programs are still available for nonprofits and which ones your nonprofit qualifies for, you are not alone.
Presented in partnership with Michigan Nonprofit Association and Insights³, this webinar session will cover details about each program, deadlines for applying as well as where to seek help in preparing the various applications.
The presentation design will be a quick and thorough overview of each program, the benefits to nonprofits who participate, followed by ample time to answer questions generated by participants.
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● Co.Lab Connect
Tuesdays, Thursdays & Fridays, 10AM–3PM
Whether you’re seeking support for loan forgiveness applications from the first draw, or preparing for this new round of applications, Insights³ can help!
Sign up below for a free, 45-minute appointment with Bob Weins of Insights³ to discuss your nonprofit’s unique situation.
For more information on the PPP, and to prepare for your appointment, find a list of resources from the COVID-19 Response and Resource for Nonprofits website.
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● Demystifying PPP Loans & Stimulus Funding for Nonprofits
Thursday, April 22, 1–2:30PM
Have you felt hesitant to apply for PPP loans or other COVID-19 related stimulus programs due to their complexity, or because of unfavorable experiences during the first PPP round? You’re not the only one!
Join us for a candid conversation where our panel will demystify the process of applying for PPP loans and other stimulus programs available to nonprofits. Learn about how and why these programs could be strategic opportunities for your organization. You’ll also hear from nonprofit leaders of various sizes or sub-sectors who have successfully applied for and received PPP loans, and from lenders currently accepting nonprofit applications.
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Grants for Shuttered Venues
Shuttered Venue Operators Grant opened yesterday, April 8
The Shuttered Venue Operators Grant includes over $16 billion in grants to venues closed because of the pandemic — including nonprofits like theaters, museums and performing arts organizations — to be administered by SBA’s Office of Disaster Assistance.
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