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April 22, 2020 9:20 am

Jewish Non-Profits Receive $264 Million So Far in Federal Coronavirus Assistance

avatar by JNS.org

An illustration provides a 3D graphical representation of a spherical-shaped, measles virus particle studded with glycoprotein tubercles in this handout image obtained by Reuters April 9, 2019. Photo: Centers for Disease Control and Prevention (CDC)/Handout via REUTERS.

JNS.org – Jewish non-profits 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.

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The results come as the US 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 non-profits, 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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