Families First Coronavirus Response Act
CARES Act – Indiana District Response
The following is an excerpt from the Indiana District’s letter (issued April 9, 2020) concerning the Coronavirus Aid, Relief and Economic Security Act (CARES Act).
“Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) with the purpose of providing small businesses needed funds to survive the current economic situation in the country. One aspect of this act involves what is titled the Paycheck Protection Program (PPP). The program provides entities, including religious organizations, the opportunity to apply for Small Business Administration (SBA) loans that could be forgiven either in part or in full as long as the funds borrowed are used on appropriate expenditures.”
Download complete CARES Act 2020 District Finance Response letter.
CARES Act Update from the Indiana District
The Indiana District published a letter on April 30, 2020 as an update to the CARES Act information. Find the full letter and additional links here.
Economic Aid Act – PPP2 Letter
The Indiana District has issued updated information concerning the Economic Aid Act. Below is an excerpt from the letter.
“As the trying times of 2020 extend into the New Year, we hold fast to the faith given to us by God, foundationally in our baptism and continually through the receiving of His preached Word and administered Sacrament in the Divine Service. Each LCMS congregation within the Indiana District as well as sister congregations throughout the LCMS are facing unique and challenging situations brought about by Covid-19. In response to the Covid-19 situation, local, state and federal authorities have responded. In some cases, the responses of these respective authorities have been detrimental to the church, while in other cases the response is commendable. One such response viewed by many as commendable is the ongoing Paycheck Protection Program (PPP). This letter is meant as a reminder of the Congregations in Need initiative as well as to give an update on the PPP, with the most recent iteration being called PPP2, especially as it pertains to the application of this program in light of the cultural and societal climate in which we currently find ourselves.”
Download the complete letter here.