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.

You have read 3 articles this month.
Register to receive full access to JNS.

Just before you scroll on...

Israel is at war. JNS is combating the stream of misinformation on Israel with real, honest and factual reporting. In order to deliver this in-depth, unbiased coverage of Israel and the Jewish world, we rely on readers like you. The support you provide allows our journalists to deliver the truth, free from bias and hidden agendas. Can we count on your support? Every contribution, big or small, helps JNS.org remain a trusted source of news you can rely on.

Become a part of our mission by donating today
Topics
Comments
Thank you. You are a loyal JNS Reader.
You have read more than 10 articles this month.
Please register for full access to continue reading and post comments.