Category Archives: Church Loans
SBA issues PPP Loan Forgiveness Application
Dear Clients and Friends, Many of my clients have secured PPP loans for their nonprofits. Most have already received their money and are now preparing for the next phase, forgiveness of the loan. This past week the SBA has issued the PPP Loan Forgiveness Application and Worksheets. Click here for the PDF I hope… Read More »
Church Loans to Directors, Officers and other Insiders
Dear Clients and Friends, Have you ever attended a board meeting to consider loaning money to a church leader? Maybe he or she has a legitimate financial need. I understand you would think a ministry should be able to give a lending hand to a leader in need. But please step back and think… Read More »
Church Loans to Board Members and Officers
Dear Clients and Friends, Occasionally I am asked to advise a church client desiring to loan money to a church leader who has a financial need. You would think a ministry should be able to give a lending hand to a leader in need. But think again. The legal question is bifurcated between state… Read More »
