MAG calls for inclusion of 501(c)(6)’s in next PPP loan program

The Medical Association of Georgia is one of the physicians’ advocacy organizations that signed a letter that was sent to Congressional leaders to urge them to give 501(c)(6) non-profit organizations access to the ‘Paycheck Protection Program’ (PPP) loan program that is included in the next COVID-19 relief bill. 

The American Medical Association reports that, “The ‘CARES Act’ limited the type of non-profit organizations eligible for a PPP loan to 501(c)(3) organizations. The ‘HEROES Act’ that passed in the [U.S. House of Representatives] on May 15 includes a provision that would expand the eligibility to all 501(c) non-profit organizations (with some conditions for 501(c)(4) organizations), create a 25 percent set-aside of funds solely for non-profits, and remove the 500-employee limitation on non-profits.”

Letter to congressional leaders