WASHINGTON (BP) — The U.S. Small Business Administration (SBA) has issued an FAQ document for faith-based organizations reiterating that they are eligible to receive SBA loans through the Payroll Protection Program (PPP). The document says “no otherwise eligible organization will be disqualified from receiving a loan because of the religious nature, religious identity, or religious speech of the organization.”
The document also clearly states that “churches (including temples, mosques, synagogues, and other houses of worship), integrated auxiliaries of churches, and conventions or associations of churches qualify for PPP and EIDL loans as long as they meet the requirements of Section 501(c)(3) of the Internal Revenue Code, and all other PPP and EIDL requirements.”
Click here to view the full FAQ document.
Additionally, the Ethics and Religious Liberty Commission of the Southern Baptist Convention (ERLC) has an explanatory article. Click here to view the ERLC article.
Source: Baptist Press
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