Did You See That The SBA Just Extended Lending Limits For Economic Injury Disaster Loans?

Last week, the U.S. Small Business Administration announced it is increasing the maximum amount small businesses and nonprofit organizations can borrow through it’s COVID-19 Economic Injury Disaster Loan (EIDL) and EIDL Advance program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury …

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Paycheck Protection Program Introduces Exclusive Period For Smaller Businesses

President Biden announced that through Tuesday March 9, 2021 the Small Business Administration (SBA) will exclusively accept applications for Paycheck Protection Program (PPP) loans from businesses and nonprofits with fewer than 20 employees. During the 14-day exclusive period, financial institutions are still allowed take and review applications from all size small businesses, but they will not submit new applications to the SBA for businesses with 20 or more employees until Wednesday …

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AFM-EPF Drops the Hammer

Adaptistration People 173

While it comes as no surprise, the recent announcement from the American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) heralding massive cuts to member benefits is sure to bring more than its fair share of angst among AFM members who are part of the plan. While the plan has to be approved by the US Treasury Department before it goes into effect, the 1/7/2020 edition of The New York Times …

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Define That: Total Fiscal Transparency

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There’s a fascinating article by Charles T. Downey in the 8/12/19 edition of Washington Classical Review that examines the ongoing Baltimore Symphony Orchestra (BSO) lockout. Downey suggests that in order for the organization to maintain artistic integrity while addressing existing economic conditions, the BSO’s executive leadership must “establish total financial transparency.” That’s a superb suggestion and one that has certainly assisted with not only resolving pending labor disputes (Metropolitan Opera Orchestra) …

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The Problem With Nonprofit Arts Admin Pay

Adaptistration People 173

There’s an excellent article in the 6/12/2019 edition of fastcampny.com by Ben Paynter that examines two recent studies on nonprofit staff compensation. Spoiler alert: both studies uncovered ample evidence that compensation is a strong pain point among most employees. Compensation is a regular topic here at Adaptistration and back in 2016, we conducted a survey of orchestra and opera staffers and managers to help determine the how and why behind orchestra …

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