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CARES Act Table of Loan, Grant, and Compensation Opportunities for the Arts

SN
Strom-Avila, Naomi
Thu, Apr 9, 2020 9:01 PM

[cid:image001.png@01D60E76.C6C11240]https://c46b5ef69e51454aa4fd-366ec602bfd486cb0de1bffec2f36b7e.ssl.cf2.rackcdn.com/afta_ef187cdc102b03c2d63f6f4f872af95b.pdf

  •     The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) <https://www.councilofnonprofits.org/trends-policy-issues/loans-available-nonprofits-the-cares-act-public-law-116-132> provides loans for small businesses, non-profits, and self-employed/freelance/independent contractors, with possible loan forgiveness. With $2.3 trillion of funds, there are several sections of the legislation that can directly and indirectly support artists, arts organizations, and small businesses in the creative economy.
    
  •     Click here for a spreadsheet <https://c46b5ef69e51454aa4fd-366ec602bfd486cb0de1bffec2f36b7e.ssl.cf2.rackcdn.com/afta_ef187cdc102b03c2d63f6f4f872af95b.pdf> outlining various pieces of the CARES Act and how they apply to nonprofit arts organizations, governmental arts agencies, commercial arts businesses, individual artists/self-employed/independent contractors, and as a taxpayer.
    
  •     Paycheck Protection Program <https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp> - part of the CARES Act, this program provides loans, with possible loan forgiveness, to help small businesses and non-profits keep their workers on the payroll.
    
  •     Emergency Injury Disaster Loan <https://covid19relief.sba.gov/#/> - part of the CARES Act, this program provides business loans at low interest rates to cover debt and operating costs to keep your business running.
    
[cid:image001.png@01D60E76.C6C11240]<https://c46b5ef69e51454aa4fd-366ec602bfd486cb0de1bffec2f36b7e.ssl.cf2.rackcdn.com/afta_ef187cdc102b03c2d63f6f4f872af95b.pdf> * The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) <https://www.councilofnonprofits.org/trends-policy-issues/loans-available-nonprofits-the-cares-act-public-law-116-132> provides loans for small businesses, non-profits, and self-employed/freelance/independent contractors, with possible loan forgiveness. With $2.3 trillion of funds, there are several sections of the legislation that can directly and indirectly support artists, arts organizations, and small businesses in the creative economy. * * Click here for a spreadsheet <https://c46b5ef69e51454aa4fd-366ec602bfd486cb0de1bffec2f36b7e.ssl.cf2.rackcdn.com/afta_ef187cdc102b03c2d63f6f4f872af95b.pdf> outlining various pieces of the CARES Act and how they apply to nonprofit arts organizations, governmental arts agencies, commercial arts businesses, individual artists/self-employed/independent contractors, and as a taxpayer. * * Paycheck Protection Program <https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp> - part of the CARES Act, this program provides loans, with possible loan forgiveness, to help small businesses and non-profits keep their workers on the payroll. * * Emergency Injury Disaster Loan <https://covid19relief.sba.gov/#/> - part of the CARES Act, this program provides business loans at low interest rates to cover debt and operating costs to keep your business running.