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NDC/Stepping Stones Paycheck Protection Program DE Loan App - OPEN AT 9AM

April 24, 2020 8:31 AM | Philanthropy Delaware (Administrator)

Delaware Nonprofits Can Access Paycheck Protection Program Loan through NDC & Stepping Stones. Click here to see full Press Release.

 

This opportunity is made possible through the generous underwriting of Philanthropy Delaware Members:  Longwood Foundation, Welfare Foundation, the Jessie Ball duPont Fund, and with support from Discover Bank, the National Development Council (NDC) & Stepping Stones, both CFDIs are invested in the local Delaware community.


Who can apply?  Any Delaware 501c3 or 501c19 which is eligible to apply for the SBA PPP loan and has not yet received confirmation that it was approved by another financial institution.  Note, the SBA will only offer one loan per organization.  Because this funding is set aside for Delaware nonprofits, there is a smaller waiting list to the SBA.  We do encourage nonprofits that if they find out they received an SBA approval through another lending institution, they notify NDC (and vice versa). Additionally, nonprofits are encouraged to apply to NDC, but also to continue to seek PPP funding at their banking institution.

With the assumption that the legislation passes and President Trump signs it into law,

NDC will open the loan application portal at 9AM today - Friday, April 24.

 

 

Apply Here

 

 

 

 

Applications will not be processed unless they are completed correctly with all necessary signatures and documentation.

 

How-To Video On Completing the App:

 

NDC strongly recommends having watched their webinar on how to complete the loan documentation PRIOR to submitting an application to ensure the strongest likelihood that it will be accepted. 

 

 

Watch Webinar Here

 

 

Have These Docs Ready:

 

  • 2019 business tax form - if this is not yet available, a 2018 business tax form is acceptable
  • Your nonprofit’s Articles of Incorporation and By-laws
  •  Proof of documentation used to verify payroll as shown in the employee calculator – this can include payroll ledgers, quarterly IRS form 941’s, W-2s, or a combination
  • Copy of the Driver’s License of the Executive Director/CEO or whomever signs the loan application
  • Statement of Need (one paragraph or less) – must detail how the COVID-19 crisis negatively impacted the financial health of the organization

 

Resources You Need for the Application:

 


PPP Employee Wage Calculator


SBA Form

 

 

STILL NEED HELP WITH THE LOAN APPLICATION?

 

 


Delaware Alliance for Nonprofit Advancement | GrantStationDANA is offering Delaware nonprofits one-on-one assistance from volunteers who will walk you through the completion of this loan application. Click below to request assistance.

 

 

Request Assistance

 

 

About NDC    https://ndconline.org/

NDC’s work focuses on HOMES, JOBS and COMMUNITY. Founded as a national nonprofit in 1969, NDC has worked for fifty years fulfilling its mission to increase the flow of capital for investment in low-income communities. NDC directs capital to support the development and preservation of affordable housing, the creation of jobs through training and small business lending and the advancement of livable communities through investment in social infrastructure.


About Stepping Stones  https://www.sscreditunion.org/

Since 2011, Stepping Stones has been the lead financial institution dedicated to serving the limited income communities of Wilmington. Our purpose is to deliver safe and reliable access to money, credit, and other financial services without the high cost associated with typical check cashing services.


Copyright Philanthropy Delaware, Inc. 2017
Philanthropy Delaware, Inc. is a 501(c)3 nonprofit organization

Contact Us:
Office: (302) 588-1342
info@philanthropydelaware.org

Address:
100 W. 10th Street, Suite 500
Wilmington, DE 19801

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