In March our elected officials passed the historic $2 trillion CARES Act to address the immediate social and economic impact of the coronavirus pandemic. Among other critical provisions, the bill provided funds for the Paycheck Protection Program, which enabled synagogues, community centers and other Jewish organizations to access more than $500 million dollars in forgivable loans. To help the Jewish community and others ensure they are in compliance with loan requirements, which have administered by banks under the guidance of the Small Business Administration, we continue to provide webinars and support. You can reach Federation experts at SBALoans@jfna.org.
You can watch out most recent webinar here, see the slides here and find more information below.
The CARES Act was a lifeline for our Jewish communities, yet a resurgence in coronavirus cases and receding economic activity in many states continue to pose a threat to full economic recovery. Legislators on Capitol Hill new to pass new legislation that will help ailing nonprofits. For information on the CARES Act, click here.
Last Updated: November 9, 2020