SBA Loan Programs: What Nonprofits Need to Know Audio: use your device speakers or call: 669 900-6833 enter webinar ID: 738 639 995 Lucy Salcido Carter CalNonprofits Policy Director Jan Masaoka CalNonprofits CEO Terri L. Billups Assistant District Director, Economic Development LA District Office, U.S. Small Business Administration Susheel Kumar Public Information Officer, Office of Disaster Assistance FOC-West, U.S. Small Business Administration
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SBA Loan Programs: What Nonprofits Need to Know · There is no obligation to take the loan if offered. Applicants can have an existing SBA Disaster Loan and still qualify for an EIDL
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SBA Loan Programs: What Nonprofits Need to Know
Audio: use your device speakers or call: 669 900-6833 enter webinar ID: 738 639 995
Lucy Salcido CarterCalNonprofits Policy Director
Jan MasaokaCalNonprofits CEO
Terri L. BillupsAssistant District Director, Economic Development
LA District Office, U.S. Small Business Administration
Susheel KumarPublic Information Officer, Office of Disaster Assistance
FOC-West, U.S. Small Business Administration
SBA Loan Programs
For each program:• What benefits does it provide?• Who is eligible?• How do nonprofits apply?• What information does the application require?
•NO Real estate collateral for under $500,000.00Collateral
•General UCC-1 filing on business assetsCollateral
• $100 UCC -1 fees There is No cost to apply,
NO points, NO Closing Costs, NO Prepayment Penalty
1st payment due in 12 months.
There is no obligation to take the loan if offered.
Applicants can have an existing SBA Disaster Loan and still qualify for an EIDL for this disaster, but the loans
cannot be consolidated.
SBA’s Working Capital Loans
Additional ResourcesGeneral Information about COVID-19 Federal Loan Programs U.S. Treasury Department: https://home.treasury.gov/
U.S. Small Business Administrationhttps://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources#section-header-0
National Council of Nonprofits – Loans Available through the CARES Acthttps://www.councilofnonprofits.org/sites/default/files/documents/cares-act-loan-options-for-nonprofits.pdf
US Chamber of Commerce – Coronavirus Emergency Loans Guide for Small Businesses and Nonprofitshttps://www.uschamberfoundation.org/sites/default/files/C3_COVID_EmergencyLoanGuide.pdf
Paycheck Protection Program (PPP) InformationGeneral informationhttps://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp