Financial Relief for Nonprofit Businesses and Employers
In addition to our broader webpage about COVID-19 (which includes training and tools for adapting technology and programs, scenario planning, fundraising/communications and more), MANP is regularly updating this page to provide information as it becomes available on financial relief and support for nonprofit organizations during the pandemic.
Our members’ continued support ensures we are able to provide free resources to Maine’s nonprofit sector at this critical time. If you are able, please consider becoming a MANP member. If you are already a member – THANK YOU! We are all stronger when the sector is stronger.
American Rescue Plan Act Funds
When Congress approved sending $350 billion in fiscal recovery funds to state, local, Tribal, and territorial governments as part of the American Rescue Plan Act (ARPA), it expressly authorized those governments to invest resources in charitable nonprofits serving their communities. Specifically, governments may use the federal funds directly or through others, meaning that individual charitable nonprofits can be both the recipient of assistance as well as the provider of assistance to others.
- Learn more about the ARPA funds, including messaging and tools to help nonprofits advocate to see these funds invested in the vital work of nonprofits.
Paycheck Protection Program (PPP) and Emergency Injury Disaster Loans (EIDL)
- PPP loan information (SBA) – Ended May 31, 2021. Find information on PPP Loan Forgiveness (SBA)
- EIDL information (SBA)
- Independent Sector has great resources to help organizations navigate these programs.
Shuttered Venue Operators Grant
Established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance. Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.
- Shuttered Venue Operators Grant (SBA)
- Maine Arts Commission and the CEI Women’s Business Center teamed up to host an informational session about the Shuttered Venue Operator Grants Program – recording here.
- Maine DECD has provided a general letter of support along with the documentation of the State’s closures and limits for any Maine applicants to use. Available to download from their website.
Maine Economic Recovery Grant Program
In Summer 2020, Governor Mills announced the release of the Maine Economic Recovery Grant Program. The program, backed by $200 million in Federal CARES Act Coronavirus Relief Funds, was designed to “provide grants for businesses and non-profit organizations that demonstrate a need for financial relief based on lost revenues or expenses related to the disruption of business operations caused by the COVID-19 pandemic.” Phase One awards were made in early October 2020 and Phase Two awards were made in mid-December 2020.
- Nonprofit Relief: Opportunities in the American Rescue Plan (recorded webinar, TSNE Mission Works and Institute for Nonprofit Practice) – covers Paid Leave Tax Credit, Employee Retention Tax Credit, and Shared Work programs.
- An explanation of the refundable tax credits available to small and midsize nonprofits and other businesses that are required to provide paid leave (IRS).
- Families First Coronavirus Response Act: Questions and Answers, Department of Labor, Apr. 1, 2020. Update: Employers are not required to provide FFCRA Leave as of December 31, 2021, but they can do so voluntarily. Learn more in this FAQ.
Additional Loans + Grants
- The Federal Reserve Board proposed expanding the Main Street Lending Program to provide access to credit for nonprofit organizations.
- Finance Authority of Maine (FAME) COVID-19 Relief Loan Programs.
- Community development organizations with SBA-backed loans available for business borrowers: Coastal Enterprises, Inc (CEI), Community Concepts, Inc. and MaineStream Finance.
- MEMA is administering the Public Assistance Program in response to and recovery from COVID-19 (DR-4522) – The program provides funding for emergency assistance to save lives and protect property, and assists with funding for permanently restoring community infrastructure affected by a federally declared incident. Learn more about eligibility for this program and recorded information session.
- Contact your financial institution to inquire about the possibility of restructuring current loans, delaying payments, receiving information on loans for employees, and other available support.
Federal Grants Flexibility
The federal Office of Management and Budget has posted instructions allowing federal agencies to issue exceptions to the grants rules in the OMB Uniform Guidance to remove administrative impediments on services necessary to carry out the emergency response related to COVID-19. The Memo (M-20-11) encourages flexibility in processing renewals of grants, allows looser reimbursement and purchasing standards, and more. While there is no guarantee that all federal agencies will authorize such flexibility, the Memo is grounds for nonprofits to seek continued payments for salaries and facilities and administrative costs even if they are not currently operational.
Overview of Federal Stimulus Packages
Most recent at the top
- PPP Extension Act (H.R. 1799) (Signed March 31, 2021).
- American Rescue Plan Act (Signed March 11, 2021). National Council of Nonprofits has analysis of this sweeping legislation that provides new funding for the Paycheck Protection Program, Economic Injury Disaster Loans, the Shuttered Venue Operators Grant, unemployment insurance and self-insured employers, employee retention tax credits, paid leave tax credits, individual and family tax credits, aid for governments, and more.
- Consolidated Appropriations Act (Signed December 27, 2020). Summary chart.
- Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010) (Signed June 5).
- Paycheck Protection Program Increase Act, informally called “CARES Act 1.5” (Passed April 24). Provided interim funding for the popular programs in the initial CARES Act.
- CARES Act (H.R. 748) (Passed March 27). National Council of Nonprofits summary
- Families First Coronavirus Response Act (Passed March 18, effective April 1). Summary – Senate made no changes.
- The U.S. Department of Labor’s Wage and Hour Division (WHD) is responsible for implementation and enforcement of the Act. Please visit their website for more information: https://www.dol.gov/agencies/whd/pandemic, including answers to a wide range of anticipated questions from both employees and employers.
- The US Wage and Hour Department has an online tool to help employees and employers determine who is qualified for the FFCRA protections and benefits.
- If new legislation is passed we will add it here. For information about legislation being debated, watch our blog and newsletter.