Church Alliance files Third Comment Letter with SBA Addressing PPP Loan Program

Topic: 
Financial Services

On May 15, 2020, the Church Alliance filed a comment letter responding to the SBA’s request for comments on its recently issued interim final rule addressing “affiliation” in the context of faith-based organizations and the PPP Loan Program.  We thanked the SBA for the exemption it provided that will allow our churches and other organizations to qualify for loans without regard to their affiliations with other entities.  We also asked  the SBA to clarify that the PPP loan limits apply to faith-based organizations only after taking into account this important exemption.