5 tips for nonprofits navigating PPP loan forgiveness

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Nettie Reynolds

April 9, 2021

    In our 2021 Nonprofit Financial Health Study, we found that over 71% of our respondents applied for PPP Loans.

    We know there are some of you in the middle of tackling the loan forgiveness process right now. To that end, we wanted to highlight these superb 5 tips for navigating the PPP loan forgiveness process as featured in CPA Practice Advisor .

    The good news is that many of the loan recipients will have their loans forgiven if they keep their eye on accurate data reporting and any changes on requirements for loan forgiveness.

    In fact, the latest data on loan forgiveness from the April 1, 2021 data report on PPP loan forgiveness reveals that $521.2 billion in loans has been extended and $209.1 billion has already been forgiven.

    Remember as well, we’re on a mission to grow your mission and please let us know if you’re interested in a demo of what our fund accounting software can do for your growth!

     

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