The Treasury Department has released new guidance on how 501(a) nonprofit hospitals can apply for Paycheck Protection Program (PPP) loans. Senator Loeffler updates

Facts:

1. As a follow-up to many of your requests regarding the needed guidance on 501(a) nonprofit hospitals Senator Loeffler has been  vocal on this issue and sent a letter last week to Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza asking for this clarification for non-profit hospitals that have not yet converted their status from 501(a) to 501(c)3, despite meeting all the conditions of a 501(c)3 hospital.
2. Your grassroots activity worked well as always as you contacted her office often on this subject
3. HomeTown worked with her office on your behalf as well
4. The attached FAQ dated May3, 2020 was published immediately after her letter of support. Her support was extremely timely and valuable.
5. In addition, Michele Madison has been very involved in this matter as well. She then has sent this FAQ that includes an answer for the 501c issues.

Click here to view full email from Jimmy Lewis.

Click here to view the attachment from the email.