Texas Jewish Post (Dallas, Tex.), Vol. 74, No. 15, Ed. 1 Thursday, April 9, 2020 Page: 3 of 28
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NEWS ANALYSIS
TEXAS JEWISH POST $ SINCE 1947
April 9,2020 I 3
The pandemic and Jewish community survival
By Ron Kampeas
|l>
credited
see ANALYSIS, p.18
What's available
United Texas Bank
TEXAS JEWISH POST $SINCE 1947
Wishing you a Happy Passover!
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Take $50 Off Any Plumbing Repair
(Minimum $250)
Eric
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Serving the Banking Needs of the Community for Over 30 Years
Investment and Owner Occupied Real Estate Specialists
Contact Jarrod Beck 469.828.4275 | UTB.com
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ensuring that private schools will
be eligible to apply for stimulus
money from the $50 billion in
educational stabilization funds.
t: 214-276-0808
f: 214-276-0809
toll free: 888-269-5876
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The Jewish Federation, led by the Health Crisis Management Team, is orchestrating the delivery of
essential needs to those most impacted by social di<ancing and quarantine due to COVID-19.
If you have an urgent need, please call the help line below
214-615-52411 M-TH 9am-5pm I Fri 9am-3pm
Registered Representative of and securities offered through Berthel Fisher & Company Financial
Services, Inc. (BFCFS) Member FINRA/SIPC Investment Advisory Services offered through
BFC Planning. GS Wealth Management is independent of BFCFS and BFC Planning.
JFNA is focusing
payroll protection
by the Small
Administration.
The pluses: It covers payroll,
mortgage or rent, and utilities
for eight weeks, and is forgiven
if the employer keeps on
or quickly rehires staff and
maintains salary levels. Even
if the employer does not meet
those marks, the terms are
generous: Interest is only 0.5
percent, no collateral is needed,
In an interview, Cardin told
me, “We’re doing the same
for nonprofits as for small
businesses. We’re saying, ‘Keep
your payroll, be there because
we’re going to need you, the
/"l Ci Wealth
vJkJ Management
services you provide are so
essential.’”
Two leading Orthodox
organizations, the Orthodox
Union and Agudath Israel of
America, praised senators for
W' \
Stock Photo
the loan matures in two years
and payment is deferred for
six months. Here’s the agency’s
guide for applying.
Jewish groups
an array of senators for the
inclusion of nonprofits, chief
among them Marco Rubio,
R-Fla., who chairs the Small
Business and Entrepreneurship
Committee, and Ben Cardin,
D-Md., the committee’s senior
Democrat.
“From the start, I have
been committed to ensuring
nonprofits and religious
institutions have access to the
critical funding they need to
support our focal communities
during the coronavirus
pandemic,” Rubio said in an
email.
WASHINGTON (JTA) —The
$2 trillion-plus stimulus bill has
passed and the relief for nonprofits
sought by Jewish and other groups
are in.
The big news is that nonprofits
are eligible to tap into the $349
billion in payroll protection loans
for small businesses administered
by the Small Business Administra-
tion, as well as some other oppor-
tunities for relief. Applications for
the SBA loans opened Friday, April
3.
“[Apply]
Fingerhut,
Federations of North America
CEO who helped lead an alliance
of more than 100 nonprofits
lobbying for the funds, told
me. “The total pool of funds for
organizations of 500 employees
and under, $350 billion — it’s
almost ridiculous to say that
isn’t a large amount of money,
but there are 30 million small
businesses in the country and
1.5 million nonprofits.”
The harder news is that
what’s available to nonprofits
reeling from the coronavirus
crisis forces them to gamble on
an existential question: Some
kinds of relief in the stimulus
are predicated on the belief that
the pandemic may be over in a
matter of months if not weeks,
others on the assumption that
the pandemic has changed
life as we know it forever.
Organizations can’t apply for
both.
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Wisch-Ray, Sharon. Texas Jewish Post (Dallas, Tex.), Vol. 74, No. 15, Ed. 1 Thursday, April 9, 2020, newspaper, April 9, 2020; Dallas, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1305737/m1/3/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .