update desk

Jewish nonprofits receive $264 million so far in federal coronavirus assistance

The average loan was between $5,000 and $4.9 million; the median was $256,000.

This illustration, created at the Centers for Disease Control and Prevention (CDC), reveals ultrastructural morphology exhibited by coronaviruses. Credit: Wikimedia Commons.
This illustration, created at the Centers for Disease Control and Prevention (CDC), reveals ultrastructural morphology exhibited by coronaviruses. Credit: Wikimedia Commons.

Jewish nonprofits have received at least $264 million in loans under the $2.1 trillion coronavirus relief package passed by Congress and enacted into law last month, according to the Jewish Federations of North America (JFNA).

According to a JFNA survey, 579 got loans approved from the Small Business Administration.

The average loan was between $5,000 and $4.9 million. The median loan was $256,000.

There were 1,331 responses to the JFNA survey.

The results come as the U.S. Senate passed another funding bill on Tuesday afternoon totaling $484 billion.

It would give more than $310 billion for the Paycheck Protection Program for small businesses; $60 billion in small-business loans and grants; $75 billion for hospitals; and $25 billion for testing. Jewish nonprofits, including Jewish hospitals, are set to again benefit from the upcoming relief package.

The House is scheduled to take it up on Thursday.

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