What You May Have Missed From The President’s Remarks On Vaccination Requirements

While news about the new Federal vaccination standards for businesses that employ 100 or more employees is welcome news for most nonprofit performing arts orgs, there are a few additional details in the President’s remarks from 9/9/21 that you may have missed but need to be aware of. Patron Mandates May Not Be Far Away The potential performing arts venues have for becoming a super-spreader source is clearly front and center …

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Did You See The News About The PayPal Fee Increase For Nonprofits?

Just a quick post today to point out that even though they didn’t make much noise about it, PayPal recently announced a range of fee increases that go into effect Aug 2, 2021. For nonprofits, the new rate includes a 63% increase to the per transaction rate ($.30 to $.49). This will hit groups looking to maximize micro-donations especially hard. I can say that most of my Venture users utilize Stripe …

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More On The Dynamic Costs Of Doing Business In The Immediate Post-Pandemic Environment

The 5/1/21 edition of The Washington Post published an article by David Lynch and Yeganeh Torbati that examines the spike in costs for rental cars due to those companies’ decisions to slash the size of fleets to save costs over the pandemic. Nutshell: those cuts combined with the amount of time it takes to restock means substantially higher prices and shortages for the 2021 Spring and Summer seasons. For most year-round …

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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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