BREAKING NEWS ALERT
What you need to know about the nonprofit sector

April 23, 2020
 
 
 
 
 
Nonprofits PPPDE Application Portal Opens Tomorrow, Friday April 24 at 9AM
 
 
 
 
 
Following up on our announcement earlier this week, when the SBA Paycheck Protection Program (PPP) relaunches, Delaware nonprofits will have exclusive access to $12 million in funds designated by the National Development Council (NDC), thanks to the generous underwriting of Longwood Foundation, Welfare Foundation, the Jessie Ball duPont Fund and with support from Discover Bank.

Who can apply?  Any Delaware 501c3 or 501c19 which is eligible to apply for the SBA PPP loan and has not yet received confirmation that it was approved by another financial institution.  Note, the SBA will only offer one loan per organization.  Because this funding is set aside for Delaware nonprofits, there is a smaller waiting list to the SBA.  We do encourage nonprofits that if they find out they received an SBA approval through another lending institution, they notify NDC (and vice versa). Additionally, nonprofits are encouraged to apply to NDC, but also to continue to seek PPP funding at their banking institution.
 
 
 
 
 
Paycheck Protection Program DE
Loan App - Get Your Docs Ready Now
 
 
 
 
The replenishment of the Paycheck Protection Program is expected to be
exhausted within ONE DAY.
It is VITAL to prepare ahead of time!
 
 
 
 
 
Applications will not be processed unless they are completed correctly with all necessary signatures and documentation.
 
 
 
 
 
Steps to a Successful Application Submission
 
 
 
 
 

STEP 1: WATCH THIS FIRST

NDC strongly recommends having watched their webinar on how to complete the loan documentation PRIOR to submitting an application to ensure the strongest likelihood that it will be accepted.


All resources can also be found on DANA's website

 
 
Watch Webinar Here
 
 
 
 
 
 
 

STEP 2: GATHER THESE DOCUMENTS

Please gather these documents and have them ready in an electronic format.

We recommend saving them in a folder on your desktop for quick and easy uploading.


  • 2019 business tax form if this is not yet available, a 2018 business tax form is acceptable
  • Your nonprofit’s Articles of Incorporation and By-laws
  •  Proof of documentation used to verify payroll as shown in the employee calculator – this can include payroll ledgers, quarterly IRS form 941’s, W-2s, or a combination
  • Copy of the Driver’s License of the Executive Director/CEO or whomever signs the loan application
  • Statement of Need (one paragraph or less) – must detail how the COVID-19 crisis negatively impacted the financial health of the organization

Additional resources can also be found on DANA's website

 
 
Employee Calculator
 
 
 

STEP 3: PREPARE LOAN APPLICATION

Prepare the application for submission. The application is Form 2483.


If you need help with this application -

please see below how to access DANA volunteer assistance.


Additional resources can also be found on DANA's website

 
 
Form 2483 PDF
 
 
 

STEP 4: PREPARE TO SUBMIT AT 9AM TOMORROW

With the assumption that the legislation passes and President Trump signs it into law,

NDC will open the loan application portal at 9AM on Friday, April 24.


Additional resources can also be found on DANA's website

 
 
Loan App Portal
 
 
PLEASE DO NOT Submit Your Application Prior to 9AM.
This may affect your successful submission.
 
 
 
 
 
 
STILL NEED HELP WITH THE LOAN APPLICATION?
 
 
 
 

DANA is offering Delaware nonprofits one-on-one assistance from volunteers who will walk you through the completion of this loan application. Click below to request assistance.
 
 
Request Assistance
 
 
 
 
Have You Benefited From This Breaking News Alert? 
Please Consider Sharing It with Colleagues and Friends!
 
 
 
Delaware Alliance for Nonprofit Advancement
(DANA)


DelawareNonprofit.org
302.777.5500
 
 
          
 
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