NAO Nonprofit Pulse Poll on the Paycheck Protection Program

The Paycheck Protection Program had a very bumpy rollout over the past two weeks. We heard from many nonprofits that they received spotty information from their lenders or were requested the same information multiple times represented in different ways. Because the PPP relies on the lending institution’s processing capacity and internal protocols for clearance of an application before it is loaded into the SBA system, many nonprofits were left high and dry in round one. We would like to hear about your experience in the PPP. Please take this NAO pulse poll. Results of this pulse poll will be made available in the NAO COVID-19 alert scheduled for Thursday, April 23rd.

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* 1. Did your nonprofit apply for the Small Business Administration’s Paycheck Protection Program?

Yes

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* 2. Did you receive either loan documents or a Capital Access Financial System (CAFS or E-Tran) number from your lender confirming that you’ve been included in the first round of lending?

Yes

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* 3. If you have not yet received confirmation or a lending agreement, are you planning to submit for the PPP when/if it becomes available again?

Yes

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* 4. Is there anything else you would like to share about your experience with the PPP?

If your nonprofit did not get confirmation of a pending loan by receiving an E-tran number from your bank in the first round of PPP lending, we highly recommend that you contact your banker and get confirmation that all of the internal application processes required by your bank have been passed and that your loan is ready to upload the minute the SBA system is reopened.