Resilient Leadership Update #5
Last Friday, March 27, Congress passed The CARES Act in an effort to provide economic relief and stimulus to our economy as we battle through the impact of this virus. There are many details yet to be determined as regulatory agencies and financial institutions prepare this week to begin offering much-needed relief to individuals, families, and small businesses—which includes churches.
It’s likely you have more questions than answers. Horizons is contacting a network of licensed professionals throughout the week to help us point you to the most important resources available. Yesterday, I had the opportunity to sit down with an attorney, Jeff Watson, to better understand the details of the recent stimulus package and what it means for churches. Click here to watch the interview. The Small Business Administration has yet to publish guidelines to allow banks to begin making Payroll Protection Loans, but that information is expected to be available within the next week. Jeff will be back for a live webinar on Wednesday, April 8 at 9am CDT to discuss the details we expect to be published between now and then. Click here to register.
I also recommend an upcoming webinar hosted by ECFA later today to help you better understand the details surrounding The CARES Act. We want to encourage you to engage your tax, legal, and accounting professionals who will guide you and your church to your best course of action.
So, what can you do right now? Start preparing your church, right now. Every church is different, so it’s best to get prepared so that when applications are being accepted, your church is able to move quickly.
Please take the time to scroll through this entire email. We’ve curated information and insights that will help you lead well during this time of the Coronavirus outbreak and social distancing. The Horizons team prays for you every day.
Together, we are better.
P.S. Horizons is working around the clock to support you during the Coronavirus outbreak and during this time of social distancing. To stay up to date and have access to the latest resources, sign up for a FREE Giving 365 account. When you do that, you’ll be the first to know when new ideas, strategies, and resources are available to help you lead strong.