Contact your bank - Non-profits should promptly reach out to their primary banking partner as they are the agents administering the Small Business Administration (SBA) programs and there have been an extremely high volume of applicants. SBA-approved lenders and other information centers in your local area can be found on the SBA's website.
When in doubt, file - When in doubt if your organization qualifies for a loan program, file for relief and let the SBA decide if you qualify. There is no penalty for submitting an application, and the SBA is expected to take a broad approach to eligibility.
Confirm State and local considerations - Generally, the various forms of relief provided by the CARES Act, such as deferral of payroll taxes, do not automatically extend to payroll and other taxes imposed at the state and local levels.
Remember good governance - Boards should be actively informed and engaged in steering their organizations through the many challenges presented by the COVID-19 crisis, consistent with their fiduciary duties.
Other relief - Additional relief and resources may be available based on a nonprofit organization's type of operations, such as for healthcare organizations, food and shelter organizations, universities, arts and cultural institutions, as well as for organizations that have government contracts.