Get Started with the Paycheck Protection Program
CRF is participating in a new round of Paycheck Protection Program (PPP) funding beginning January 2021. This new round is an extension of the CARES Act created in April 2020.
The program provides eligible businesses and nonprofits with access to low-interest and partially-to-fully forgivable loans with no personal guarantee or collateral required. Eligible small businesses, nonprofits, veterans’ organizations, and tribal businesses can use these funds to help pay business payroll, utilities, and other operating expenses during the COVID-19 pandemic.
This new round of funding also includes a “second draw” option for businesses that have already received a PPP loan.
Choose the option that best describes your organization:
Community Reinvestment Fund, USA (CRF) is a national nonprofit organization with a mission to empower people to improve their lives and strengthen their communities through innovative financial solutions.
Our application will be available on Tuesday, January 19th, 2021.
PPP Loans can be used to fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, and worker protection/PPE costs related to COVID-19. Additionally, PPP loans can be used to pay for uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.
No worries, we’re here to help! Please contact the CRF Customer Care Team by emailing CRFCustomerCare@crfusa.com or by calling 1-844-530-2724.
The SBA has published new Individual Funding Request (IFR) and new PPP application forms (SBA Forms 2483-C and 24830SD-C). The SBA has revised its procedures for PPP loan applications that require applicants
On Feb. 22, 2021, the Biden Administration and the U.S. Small Business Administration (SBA) issued new program guidelines for the Paycheck Protection Program (PPP). The SBA will be
It has been brought to our attention that private companies, including “PPP Forms – Stenson Tamaddon LLC”, are soliciting our customers and offering Paycheck Protection
When PPP was announced in April 2020, many businesses – particularly those owned by women and people of color – found themselves shut out of
get the latest updates on ppp
Subscribe to our bi-weekly newsletter to get the latest information on the Paycheck Protection Program and CRF.
All loans subject to credit approval and final guidance from the SBA on the Paycheck Protection Program. Funds are limited and subject to availability.
The information provided is solely for general knowledge and does not provide any professional advice regarding tax, accounting, legal, financial, or any other professional service. PPP borrowers should contact their professional service providers for a complete understanding of the PPP program requirements and forgiveness processes.
SBA regulations regarding the PPP program are subject to further limitations and changes. Borrowers must follow current regulations and processes based on SBA guidelines. All characteristics described above are from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act), and/or the Coronavirus Response and Relief Supplemental Appropriations Act. The terms and information outlined above are subject to change upon further rulemaking or guidance from the U.S. Small Business Administration and the U.S. government.