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Learn more about the Paycheck Protection Program

1. Hi Dan. What is your role at the Fremont Area Community Foundation? 

I am the Community Investment Officer for Community and Economic Development

2. What is the Paycheck Protection Program? Could you tell us more about how this is helpful for nonprofit organizations? 

Congress passed the CARES Act that authorized $659 Billion to be loaned through the Small Business Administration.  Businesses and nonprofits with less than 500 employees qualify.  The goal is to provide funding to allow employees to be hired back for the next two months while the economy is shut down.  Loan amount vary widely depending on payroll expenses which is based on the average monthly payroll costs from 2019 multiplied by 2.5.  Once approved and funded by your local bank, you have 60 days to hire back employees to the same level as prior to the shut down.  If done, the loan, or a portion, can be forgiven.

3. Are churches or religious organizations able to apply for this?  No

4. Does an organization have to spend all of its resources before we can apply?  No

5. When and how can an organization apply? 

The PPP loan is obtained through an SBA-authorized bank or credit union.  Organizations should contact their current bank ASAP to determine if they participate, and then, how to apply.  To my knowledge, credit unions in Newaygo County do NOT participate.

6. Who can I contact if I have further questions? 

I can field many questions at 231-766-1210 or my email at  But, each organization should consult with their professional advisors for legal or financial advice.


For additional resources, visit the MEDC website:

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