Financial Resources

(1/6/21)
The recently enacted Omnibus Appropriations and Emergency Coronavirus Relief Act contained a number of provisions supported by APTA aimed at providing assistance to our members and the patients they serve.  One major provision in the legislation is the expansion and additional funding of the Paycheck Protection Program (PPP).  One key PPP provision of interest for APTA components is the inclusion of language that expands the Paycheck Protection Program to include 501(c)6 organizations, provided they meet certain provisions.  APTA supported the advocacy efforts by the American Society of Association Executives (ASAE) to ensure non-profit associations would have the option to apply to the PPP.

Beginning in early 2021, 501(c)(6) nonprofits can apply for PPP loans under the following criteria:

  • The organization does not receive more than 15 percent of receipts from lobbying activities;
  • The lobbying activities do not comprise more than 15 percent of total activities;
  • The cost of lobbying activities of the organization did not exceed $1,000,000 during the most recent tax year that ended prior to February 15, 2020; and
  • The organization has 300 or fewer employees.

Please note it remains unclear as to what comprises “receipts” or “activities.” Guidance from the Small Business Administration (SBA) is expected imminently that will define and provide additional guidance on these terms. We also anticipate that the SBA will have additional updated information on the PPP website in the near future.

 

I encourage you to reach out to your resources including the PPS section, or certainly ask and we can see how we can support 

Stefanie

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APTA CT PO Box 459
Tolland, CT 06084
(857) 702-9915
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