The National Association of Community Health Centers (NACHC) has released an infographic to present findings from Capital Link and NACHC’S assessment of health centers’ Paycheck Protection Program loan application process. This includes how many health centers applied, the average amount they each received and the total estimated amount received by all health centers as well as restrictions that could possibly be lifted to provide health centers with more funding opportunities. 

View the infographic here. 

Health Centers and PPP Loans Final

 

Many health centers have tried to access forgivable loans through the Small Business Association (SBA) Paycheck Protection Program (PPP) to cover personnel costs and stem losses incurred as a result of COVID-19. In order to understand health center application success (or lack thereof), NACHC and Capital Link are conducting a very brief assessment. Whether you received an approval, have an application still in process, or didn’t apply, WE NEED YOUR RESPONSE! Although the first round of SBA PPP funds have been fully allocated, the results of this assessment are critical to helping us identify current health center funding gaps and planning for future funding. 

CLICK HERE TO TAKE THE ASSESSMENT


For more information about the SBA PPP, and other funding sources and resources, visit our COVID-19 RESOURCES PAGE >

PLEASE NOTE: Some information in this post has changed - see our COVID-19 webpage for the most recent guidance >

As a part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) the Small Business Administration's Paycheck Protection Program is a loan option for nonprofits that provides eight weeks of cash-flow assistance through 100 percent federally guaranteed loans to employers with fewer than 500 employees to maintain their payroll during this emergency. The program offers forgivable loans to cover payroll and other eligible costs, up to $10 million, and is retroactive to February 15, 2020, to help bring workers who may have already been laid off back onto payrolls.

Funds are limited so act now.

Applications are accepted on accepted on a first-come, first-served basis beginning Friday, April 3rd. 

Applications must be submitted to an eligible 7(a) lender. Contact your local lender to determine application submittal process.  
 

LEARN MORE >    FIND A LENDER >    DOWNLOAD APPLICATION >   


To access a Stimulus Loan Calculator for use as a template for gathering the necessary application information 
CLICK HERE >
 
We have updated our collection of COVID-19 funding sources and financing-related resources here on our website, and will continue to do so as we obtain new information.
 
If you have questions or require assistance in utilizing this information, please contact Jonathan Chapman, Capital Link Chief Project Officer, at This email address is being protected from spambots. You need JavaScript enabled to view it.
 

Sign up to receive our newsletter and email updates.

Sign Up