PeopleFund Blog

Emergency Short-Term Loans Available to Nonprofits and Social Agencies Impacted by Federal Shutdown

According to the New York Times, the government shutdown has affected about 800,000 federal employees. Due to the extended period of the shutdown, nonprofit and social service organizations in need of emergency bridge loans are eligible for up to $50,000 in low interest capital from PeopleFund.

PeopleFund emergency loans are designed to help nonprofits with government subsidies that rely on federal funding to provide vital community services.

Organizations should be prepared to provide proof of federal contract (NOFA or reimbursement agreement), financial statements, recent 990s, and other documentation.

The shutdown emergency loans will be available to organizations in need for 30 days following the reopening of the government.

Click Here to Learn More About the Shutdown Short Term Loans for Nonprofits

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