CARES ACT Update 1024 637 The Provisum Group

I have spent the morning on the phone with bankers and faith-based accounting professionals.  What I can tell you now is no one is sure how to apply for the Payroll Protection Program provision of the CARES Act approved last Friday.  Our law requires that the government print the regulations and procedures within 15 days of a bill becoming law.  I have an appointment with our bank tomorrow at 3:00pm.  I should know more then.  Either way, I will give you an update after the meeting.

The Provisum Group is an accredited member of the ECFA (Evangelical Council for Financial Accountability).  The ECFA is the premier Christian financial accrediting association. They provide the Provisum Group with guidance as well as accountability.  They produced a FAQ form that in my opinion is the best I have seen on how the CARES act will impact churches and faith-based charities.  They gave us permission to share that document with you.  Click below to read it.

I want you to know, that other than my family, making sure your ministry receives these funds (should you choose to) is my only priority.  Once a process is established by the US government, The Provisum Group will move forward quickly to complete the process.  In the meantime, if you have any questions at all, please call me.


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