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Due to the amount of resources and information being put out since the CARES Act and FFCRA were signed into law, this landing page was created for local churches to find information regarding effective ministry with our finances during this COVID-19 Crisis.
2021 PPP Loan Extension Under Consolidated Appropriations Act (January 2021)
On December 21, 2020, Congress passed the Consolidated Appropriations Act of 2021 (CAA). President Trump signed the bill into law on December 27. The massive bill combines general government funding and other features with provisions that specifically respond to the COVID-19 pandemic, including economic stimulus measures. The CAA expands and extends the Paycheck Protection Program (PPP) with additional funding and some refinements to further help small businesses, including tax-exempt organizations. The PPP lending program was initially created by the Coronavirus Aid, Relief and Economic Security (CARES) Act in late March 2020 and was due to expire December 31, 2020. Click here to read more on a pdf resource created by Wespath
General Financial Information for the Local Church
Local Church Use of Designated Funds
How to Avoid CoronaVirus Scams
CARES Act Retirement Plan FAQs
Paycheck Protection Loan Information
Paycheck Protection (PPP) Loans
PPP Application Tool for Local Churches
Business Loan Program Temporary Changes