COVID PPP cash is drying up. How are you going to nonetheless get loans?

Small business owners don’t have enough time to get a loan from the government paycheck protection program.

Applications for the final round of PPP loans will only be accepted until May 31st or until remaining funds are depleted, whichever comes first.

Most of the money is already gone. As of Friday, only about $ 3 billion was left of the $ 800 billion offered to the program, according to congressional officials. The Small and Medium Business Administration has approved more than 11 million loans over the course of the program.

For the past few days, the SBA has only offered PPP loans through participating community financial institutions.

In order to apply, you need to know the following:

Apply now

The deadline is May 31st, but some lenders are no longer accepting applications to allow time to process the information already received. Prospective borrowers can find participating lenders at SBA website..

Pacific Coast Regional Corp, a community development financial institution in the SMB development center. OCIsaac, the company’s senior vice president and chief credit officer, said: An agency in the Koreatown area of ​​Los Angeles that stopped accepting PPP loan applications last Friday. “You need to give the lender a chance to review the material, approve the loan application internally, and then submit it to the SBA for approval.”

Collect documents

The prospective borrower must have all the documents required to complete the application. For independent contractors and sole proprietorships, Isaac says the IRS Schedule C Business Tax Form 2019 or 2020 is included. He said companies with employees would need to have IRS Forms 940 and 941 and an internal payroll report to identify lenders.

Applicants should also have their commercial bank account information available to expedite the loan financing process if approved.

“Make sure that the information you provide to the lender is ultimately correct and true,” said Isaac. “When you apply, you prove that fact.”

Ask for help if necessary

Community Development Financial Institutions and Small Business Development Centers, known as CDFIs, can help business owners with questions about applying for a loan. Vermont-Slauson Economic Development Corporation, a CDFI in south Los Angeles, explained the process to business owners, said Delores A. Brown, a local financial advisor.

Vermont Slowson also introduced clients to partner organizations that accept PPP loan applications, she said.

Pacific Coast Regional also introduced loan applicants to affiliate lenders and provided business owners with information about other finance programs available, Isaac said.

Keep a log

PPP loans are meant to be granted, so small business owners whose loans have been approved should strive to meet the criteria for forgiveness, Isaac said. This means spending PPP funds on eligible expenditure and keeping a document confirming how much that expenditure was.

“Prepare today so you don’t have to worry about the backend,” he said. “I hate these small businesses the most … [to] You need to pay for a federally sponsored loan and be able to default.

The Times employee Don Lee contributed to this report.

COVID PPP money is drying up. How Can You Still Get Loans? Source link COVID PPP money is drying up. How Can You Still Get Loans?

COVID Contradiction? Church buildings Get Federal PPP Cash Whereas Defying Native Well being Orders – NBC Bay Space

Few people in the Bay Area have defied local health regulations as openly and fervently as Senior Pastor of San Jose Mike McClure during the COVID-19 pandemic.

Congregants flocked to Calvary Chapel San Jose in their hundreds for his weekly indoor services, most without a mask, despite the Santa Clara County’s Public Health Ordinance banning these types of indoor gatherings. McClure has also held rallies on the steps of the local court after being charged with disregarding the court for continuing these services and fined nearly $ 2 million.

And at least twice, according to the District Attorney, a judge has scorned McClure and Calvary Chapel for disregarding those health instructions in court.

“This facility does not follow these safety precautions, does not care about our community or its own community,” said James R. Williams, Santa Clara county counsel.

Williams also said none of these fines have yet been paid.

While McClure and his staff circumvented the rules, federal records have shown that Calvary Chapel San Jose received US Small’s $ 340,400 in unsuccessful loans from the US Small’s Paycheck Protection Program (PPP) as part of the CARES ACT COVID relief package passed last year Business Administration has collected. This apparent contradiction annoys the district officials who have fought McClure and Calvary Chapel in court.

“It is disappointing that, on the one hand, they choose to purposely endanger the safety of people in our community during this time of crisis, and, on the other, they choose to do so [seek] Helping taxpayers run their business, ”said Williams. “This is about protecting our community. And it’s not just the meeting inside. There’s no face masking, no social distancing, no compliance (at Calvary Chapel) with any of the basic protocols that apply to everyone in our community, ”said Williams.

An analysis of millions of SBA records detailing PPP loan data by the NBC Bay Area investigative unit found that Calvary Chapel San Jose is one of at least a dozen places of worship in California that received taxpayers’ money while ignoring the county’s health mandates. In total, these dozen religious organizations accepted $ 5,929,602 in PPP funds, according to federal data.

Examples include:

  • The Archdiocese of San Francisco, whose records show that it accepted $ 1,876,500 in PPP funds and that the San Francisco City Attorney’s Office has violated local health codes on multiple occasions. In one case, church officials are supposed to sanctioned a wedding last summer at the Church of Saints Peter and Paul, where guests entered through an underground car park. The San Francisco Chronicle reported that the pastor of the church said the arrangements were not intended to hide the wedding.
  • Then there is St. Mary’s Cathedral in San Francisco, where just last month the archbishop publicly said the church had broken health regulations by holding mass over a possible security threat nearby. St. Mary’s directly received $ 320,405 in PPP loan funds, according to SBA records.
  • The Spring Hills Community Church in Santa Rosa, which has violated COVID-19 health rules on multiple occasions, according to Sonoma County’s health officials. Records show Spring Hills has accepted $ 186,300 in federal COVID aid funds.
  • South Bay United Pentecostal Church in Chula Vista, a church that continues to meet indoors without a mask. South Bay United Pentecostal received $ 109,000 in PPP money, according to federal SBA records. The Church sued California Governor Gavin Newsome for health restrictions, and the case went to the US Supreme Court. In May 2020, the US Supreme Court became a request refused for an injunction against Governor Newsom to prevent the state from imposing restrictions on indoor gatherings.
  • Then in February 2021 the The High Court ruled in part in favor of South Bay United Pentecostal However, Governor Newsom and the state were still allowed to impose certain restrictions on internal church meetings.

The US Supreme Court ruled that California churches can actually hold meetings indoors, but the state could limit those meetings to 25% capacity and prohibit chanting and chanting during these services.

These organizations did not respond within the NBC Bay Area deadline to comment on whether it was hypocritical to accept PPP funds from taxpayers while at the same time opposing local health orders.

In a written post on its website, Archbishop of San Francisco Salvatore J. Cordileone welcomed the February Supreme Court decision.

“As Christians, we are members of a church, which literally means people gather to worship God,” wrote Archbishop Cordileone. “This is our identity. It is in our nature to gather personally to give honor and glory to God. And especially as Catholics, we know that our worship cannot be broadcast live: there is no way to give communion or any of the other sacraments over the internet. “

Another church, Harvest Rock Church in Pasadena, filed a similar motion for restraining orders for itself and other California churches with the US Supreme Court in 2020. Harvest Rock in Pasadena received $ 311,241 in PPP money, according to federal records.

NBC Bay Area’s analysis of the detailed PPP data came after a U.S. district court ordered the publication of these detailed records in December 2020 a lawsuit NBC News filed the Washington Post and the Center for Public Integrity against the US Small Business Administration to request the records that the news organizations said were public.

The NBC Bay Area Investigative Unit searched millions of U.S. PPP records and found that at least 4,982 religious organizations in California, including churches, mosques, synagogues, and the like, had received $ 608,438,703.60 of PPP loans to keep small businesses alive during the pandemic.

in the A comment last May that appeared in the Washington PostA trio of constitutional law professors from Cornell University and the University of Virginia argued that churches were making conflicting claims by arguing they were eligible for PPP funding while saying they should be exempt from certain pandemic-related health ordinances.

“These two remarkable developments show the confused state of our constitutional rules regarding the relationship between government and religion,” wrote Professors Nelson Tebbe, Micah J. Schwartzman and Richard Schragger. “On the one hand, the churches argue that the clause on the free exercise of the First Amendment entitles them to special exemptions from assignments for staying at home. On the other hand, they also claim that churches can and must be treated like non-religious organizations in terms of taxpayer funding. “

They said it was the first time in the country’s history that taxpayers would subsidize the salaries of clergymen and church officials.

“Our main concern on this piece has been for churches to make contradicting constitutional claims in connection with the pandemic,” Tebbe said. “On the one hand, the churches advocated equal treatment of funding, especially PPP funding that the federal government made available to small businesses. On the other hand, they called for special exemptions from the COVID regulations that limited the size of the gatherings. “

When NBC Bay Area caught up with Calvary Chapel’s senior pastor Mike McClure during a rally in the Santa Clara County courthouse attended by dozens of supporters, few of whom were wearing masks or socially distancing themselves, the pastor defended his church’s actions .

“I don’t want to take the money,” said McClure. “This is your money, my money, our grandchildren’s money. I do not agree with it. At the same time, I have to pay all of our employees. And it’s not the church that took it, it was our school. “

When asked directly whether, as the Washington Post Op-Ed headline claimed, it was hypocritical for churches to defy government health mandates while taking government bailouts, McClure declined and denied the fight against Santa Clara County, even as he stood before the court in which he had attended a hearing on contempt.

“You said I was fighting the government. I don’t fight anyone. I want to help the government. I am a chaplain. I don’t fight anyone. You make me look like I’m crazy, ”McClure said.

“I think even churches are subject to state regulation, when that regulation is passed and justified,” said the Honorable Michael McConnell, former judge on the US 10th Circle Appeals Court and now director of the Stanford Constitutional Law Center and a senior fellow at the Hoover Institution at Stanford.

“The right to assemble and worship according to conscience is one of the most precious rights of Americans,” said Judge McConnell. “While the government is certainly allowed to make rational decisions about public health risks, it cannot do so on the assumption that religious worship is unimportant.”

“According to the constitution, the churches have the right to participate in neutral services. They can’t get the money because they are churches and they can’t be preferred if they get the money because they are churches, ”said Judge McConnell.

“But if they (religious institutions) do exactly what secular entities do and receive money, and for example, if they employ janitors and secretaries and do exactly what money is supposed to do, there is no reason why they shouldn’t receive a neutral subsidy “Said Judge McConnell.

“They are regulated for the same reason,” said Judge McConnell.

When asked if it was a contradiction of those churches that defied local government COVID health directives to also accept COVID aid from the federal government, Judge McConnell was brief.

“Well, let’s just be happy that hypocrisy is not a crime in this country or we would all be in jail,” said the judge.

Church buildings do not have billions mendacity round. They want PPP cash

To the Editor: My Church, St. Mary of the Assumption, received a US $ 125,000 Federal Paycheck Protection Program loan. (“The Catholic dioceses sat on billions collecting pandemic aid for taxpayers, ”4. February)

Since our church doors closed at the beginning of the pandemic, we’ve expanded our food bank and buried 275 people. We visit PIH Health Hospital in Whittier three times a week and answer emergency calls. We continue to teach children in our elementary school and celebrate the sacraments.

We were confused by government guidelines, but all of our services are held off-site because we believe it is safer to do so. We have also asked our senior community members and those with limited health to stay home and participate online. Our weekly participation is 25% compared to the pre-pandemic, and our offer is 75%.

With the PPP loan we were initially able to pay the salaries of our employees; When the money ran out we had to fire five employees.

It’s an old myth that billions of dollars are lying around in the Catholic Church. I am grateful that we qualified for a PPP loan. I think we spent the money well. If we qualify for another loan, our church will apply and use that money to satisfy more hunger, comfort more sick, bury more of our dead, and pay more salaries.

The Rev. Patrick Keyes, Whittier


To the editor: Why are churches being relieved by the CARES law at all?

Without question, churches are companies. Unlike a hair salon or restaurant, the 1st Amendment protects the churches’ independence from government regulations and taxes.

So, when times get tough and parishioners’ donations are falling, why should taxpayers work to save a church, no matter how noble its mission is?

Even church leaders are ambivalent about accepting PPP funds. In one Piece in Christianity Today last yearPastor Jon Costas asked, “Will accepting a large government grant rob our members the opportunity to make sacrifices and experience the Lord’s provision?”

His question gets to the heart of the establishment clause, which is designed to protect religions from dependence on government and the resulting perversion of the principles of their beliefs.

Gerald Gollin, Solana Beach