The Coronavirus Aid, Relief and Economic Security (CARES) Act has allocated $350 billion to help small businesses and nonprofits manage through the COVID-19 pandemic. To help nonprofit organizations determine how the CARES Act will apply to them, the U.S. Chamber of Commerce Foundation has released a briefing to explain Emergency Corona Virus Funding available to 501(c)(3) organizations.
Their related guide, Corona Virus Emergency Loans: Small Business Guide & Checklist is a useful tool to help you navigate that process.
Learn more from the U.S. Department of The Treasury on how to apply. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. A partial list of participating local lenders includes Blackhawk Bank, Byron Bank, Midland Bank, Stillman Bank, and Union Savings Bank. Speak with a banker at any participating lender for specific details.