In response to the COVID-19 pandemic, the Community Foundation, Nonprofit Resource Center and NonProfit Business Council will use this page to share needs and news from our Ocala/Marion County nonprofits.
501(c)(3) nonprofits with fewer than 500 employees are eligible to apply for the PPP loan/grant. Know the info you should collect.
Payroll is calculated at 2.5 times the average monthly payroll costs.
Nonprofits can use IRS form 940 (Employer’s Annual Federal Unemployment Tax Return) and 941 (Employer’s Quarterly Federal Tax Return) and Payroll Summary Reports as back-up.
More detail is available in this video.
Find the PPP application here.
Contact your local bank about applying for the SBA PPP loan. Banks can begin accepting applications and all corresponding documents again on April 27. If your bank is not accepting SBA loans, contact us.