Forgiveness Rules for SBA PPP Loans

Ross Williams

May 05, 2020

Dear Treasurers, Finance Chairs and Pastors, The following "Frequently Asked Questions" summarize which categories of expenses may be forgivable as part of a Payroll Protection Loan based on current guidance from the Small Business Administration and the Department of Treasury.    Q1: Our church received PPP loan proceeds from our bank. Can the loan be forgiven? A1: Yes. According to SBA regulations the amount of forgiveness can be up to the full amount of the loan and any accrued interest, if ...

Financial Relief for Churches That Did Not Receive a PPP Loan

Ross Williams

May 04, 2020

Dear Treasurers, Finance Chairs and Pastors, Many of our churches have been unable to obtain loans through the Paycheck Protection Program (PPP) sponsored by the Small Business Administration.  For those churches, it is important to remember that the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides additional relief options, including an Employee Retention Credit and a Payroll Tax Deferment Option. The Employee Retention Credit is a fully refundable tax credit that ...

Webinar for Churches on Covid-19 Legislation

Ross Williams

April 14, 2020

Dear Treasurers, Finance Chairs (copy to Pastors), Please see information below on a webinar being held to assist churches navigate recent coronavirus legislation.  It is being presented by attorneys in employment law from Littler Mendelson.  The webinar is this Thursday at 3:00pm To register, click here.  Also, GCFA has a resources page for churches during coronavirus, which can be found at It contains links to a PPP Frequently Asked Questions document, eGiving and...

Want to Use Our On-line Giving Platform?

Ross Williams

April 11, 2020

Dear Treasurers, Finance Chairs and Pastors, We have been thinking of ways in which we might help our churches in this time of great uncertainty and distress associated with the pandemic.  We are particularly concerned about the impact on giving due to the absence of in-person worship services.       We have recently shared information on how to establish online giving programs but we know that it takes time and effort to set up.   So we are offering churches the ability to use OUR online giving...

SBA PPP Update

Ross Williams

April 06, 2020

Dear Treasurers and Finance Chairs (cc: to Pastors), The situation surrounding the Paycheck Protection Program (PPP) loans offered by the Small Business Administration (SBA) continues to evolve on a daily basis. Here are some updates: We have created a sample form as an example of how churches should complete the application.  Please see the document titled "SamplePPPApplication" at the bottom of this e-mail. It is best if the church applies through a bank where they already have an account if ...

Updated CARES Act FAQ

Ross Williams

April 02, 2020

Dear Treasurers and Finance Chairs (copy to Pastors), I've been receiving a lot of questions about the CARES Act and how the provisions can be taken advantage of by our member churches. Please see a newly updated "Frequently Asked Questions" document at the bottom of this e-mail. This document was prepared by the General Council on Finance & Administration of the UMC and contains specific guidance for our churches.  A couple points I'd like to mention related to the Paycheck Protection Program: ...

Free Money! SBA Payroll Protection Program

Ross Williams

April 01, 2020

Dear Treasurers and Finance Chairs (cc: to Pastors)   Information is beginning to become available on loans and grants for the “Paycheck Protection Program” issued by the Small Business Administration.  If done correctly, this Act can result in a grant equal to 2.5 months of payroll that does not need to be repaid! Please see the information below as well as the attached files: PPPOverview - Overview of the Paycheck Protection Program. PPPFAQ - "Frequently Asked Questions" document on the ...

CARES and FFCR Acts Summaries

Ross Williams

March 31, 2020

Dear Treasurers, Finance chairs and Pastors, Please see information below on two acts that were recently signed into law in response to the COVID-19 pandemic.  At the bottom of this e-mail you will find links to additional summaries of these acts. To register for a free Webinar for churches on the CARES Act, being held Thursday, April 2nd at 12:00 noon click here The Coronavirus Aid, Relief, and Economic Security Act (CARES) creates new small business lending programs, including for non-profits;...

More Information on Electronic Giving

Ross Williams

March 25, 2020

Dear Treasurers, Finance Chairs and Pastors, More and more resources are being made available to churches with regard to Electronic Giving. Here are some updates: On Thursday, March 26th (tomorrow), Servant Keeper, a ministry partner of the UMC, will provide a webinar at 2:00pm EDT.  The webinar, “eGiving During Virtual Ministry,” will focus on answering questions on e-giving and the local church.  To register for this webinar, click here. If you were unable to join the webinar hosted by ...

Financial Relief for Church Benefit Obligations

Ross Williams

March 25, 2020

Dear Treasurers, Finance Chairs and Pastors, We have received many questions lately about how the Conference can assist our churches in this time of crisis and great uncertainty.     Please read what follows on the topics of apportionments, pastoral salaries and a two-month waiver of church benefit billings.  Please know that the conference staff continues it's mission to support our member churches.  While we are working "virtually" you may reach out to us at our normal office phone numbers and...

Page 2 of 48 previous 1 2 3 4 5 ... 48 next