Paycheck Protection Program (PPP) Funds
With the recommendation of our Stewardship and Budget Ministry Team and other ministry team leaders, our Church Council approved application for relief funds from the PPP of the Small Business Administration (SBA), for $50,000 to help cover our payroll expenses this spring, while our building usage revenue is greatly reduced ($8K/month). The primary impetus has been to retain all our staff (including part-time workers), since church employees are not eligible for unemployment insurance.
We are grateful to report that with the diligence of our Accounting Administrator, Treasurers, and the help of Brookline Bank, we received approval of this loan and will finalize paperwork later this week. We thank you for your continued prayers for finalizing this process and using these funds faithfully. Contact firstname.lastname@example.org or email@example.com.