Financial Health & Solvency
The Consolidated Appropriations Act, 2021 does not significantly reduce the religious liberty-related concerns that SBA loan programs pose to faith-based loan applicants. In fact, changes in executive and legislative priorities may have increased cause for concern in this area. Many faith-based organizations have considered accepting federal financial assistance through the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act loan programs (the Paycheck Protection Program, or “PPP,” and the Economic Injury Disaster Loans, or “EIDL”) and the new relief under the Consolidated Appropriations Act, 2021 (the “2021 Act”).
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