We appreciate you taking a few minutes to respond to this survey.
The information you provide through this survey allows 501 Commons and other service providers to help nonprofits take advantage of the CARES act loan programs when they are a good fit for an organization. This information will also be shared with Washington Nonprofits because it will be helpful in advocating for appropriate forms of support for nonprofits.
To qualify for a PPP Loan a nonprofit must:
- Have been in existence on March 1, 2020.
- Be exempt from federal income tax under section 501(c)(3) of the IRS code, or a war veterans’ organization exempt under section 501(c)(19) of the IRS code. This means nonprofits registered with the state but not the IRS are not eligible. Also, 501(c)(4) or 501(c)(6) organizations are not eligible.
- Have employees. The number of full and/or part-time employees must be 500 or fewer.