Feds to provide nonprofit organizations loans to alleviate pandemic’s impact
The federal government is providing loans with a 2.75% interest rate to nonprofit organizations impacted by the COVID-19 pandemic, according to The Miami-Dade Beacon Council, a public-private partnership focused on facilitating business growth.The organizations can benefit from the Economic Injury Disaster Loans assistance declaration issued by the U.S. Small Business Administration, a federal government agency that provides support to entrepreneurs, according to James Kohnstamm, the Beacon Council’s executive vice president of economic development.