Current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant
I guess I assumed this was true for everyone, but I have now made it more clear and prominent throughout my article. If you’re lucky enough to not have economic uncertainty, I agree you should not apply for this grant.
I think there’s a difference between “are you affected by economic uncertainty”—which probably applies to all nonprofits right now—and “are you about to lay off staff or not be able to pay them.” The fact that loan forgiveness goes to organizations that have not laid anyone off within 8 weeks implies to me that it’s intended for organizations that would otherwise lay off staff or be unable to pay them within that timeframe, and I think most EA orgs have more than 8 weeks of runway.
The updated version of the post is clearer, though!
It’s the only time I can remember where it seems unfortunate that EA as a movement is good at planning and ensuring that critical nonprofits have sufficient runway.
Thanks.
I guess I assumed this was true for everyone, but I have now made it more clear and prominent throughout my article. If you’re lucky enough to not have economic uncertainty, I agree you should not apply for this grant.
I think there’s a difference between “are you affected by economic uncertainty”—which probably applies to all nonprofits right now—and “are you about to lay off staff or not be able to pay them.” The fact that loan forgiveness goes to organizations that have not laid anyone off within 8 weeks implies to me that it’s intended for organizations that would otherwise lay off staff or be unable to pay them within that timeframe, and I think most EA orgs have more than 8 weeks of runway.
The updated version of the post is clearer, though!
It’s the only time I can remember where it seems unfortunate that EA as a movement is good at planning and ensuring that critical nonprofits have sufficient runway.