On Friday, March 27 the President signed the Coronavirus Aid, Relief and Economic Security (CARES) Act, providing over $2 trillion for emergency aid to Americans and businesses. The Act does allow relief for 501(c)(3) non-profits, but unfortunately 501(c)(6) organizations were omitted from this round of relief.
However, The US Chamber reports that most 501(c)(6)s are eligible for Small Business Administration (SBA) loans through the Emergency Economic Injury Disaster Loan program. “This program has been in place, but was modified in this stimulus package,” The Chamber states. “One modification is that (c)(6)s can apply for a modest $10,000 advance to help with payroll, and that $10,000 does not have to be repaid.”