FRESNO (CA)
San Joaquin Valley Sun

July 19, 2020

By Daniel Gligich

Dozens of nonprofits based in Fresno and Clovis received Paycheck Protection Program loans to help negate the coronavirus pandemic-caused economic downturn.

The program, run by the Small Business Administration and created by the CARES Act, grants businesses loans of 2.5 times payroll, up to a maximum of $10 million. Businesses can have the loans forgiven if they meet certain criteria set by the SBA, such as using at least 60% of the loan on payroll expenses.

According to a SBA data of PPP loan recipients, no Fresno area nonprofits received the maximum loan amount. However, two organizations received loans of at least $2 million.

Hospice care provider Hinds Hospice and behavioral health provider Kings View were both granted loans in the $2-5 million range.

There were 11 nonprofits to receive a loan of at least $1 million:…