GARBC: Updates and Clarifications for CARES Act

By SI Filings
Apr 08 2020
GARBC
Church Finance
Ministry Finance

"Most of the regulatory details of this act are now finished, and we have revised our original article, CARES Act Offers Forgivable Loans and Financial Assistance to Churches,' accordingly." - GARBC

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Joel Shaffer's picture

Joel Shaffer -

From the article:

One of the biggest concerns we’ve heard about these programs is whether a church that uses them could sacrifice any part of its religious freedom or end up being subject to additional government oversight as a result of them. We are pleased that the SBA has issued a statement clarifying these concerns and reiterating that the programs were designed to maintain employment support for American people regardless of whether they are employed in ministry or secular business. This, along with the strong Constitutional protections already enjoyed by churches, gives us confidence that no church or organization needs to be concerned with consequences to its ecclesiastical polity as a result of these assistance programs.