Information about the SBA Loan in the CARES Act

By: Dan Perla
KC Topics: 
Coronavirus, Finance & budget

The $2 Trillion CARES (Coronavirus Aid, Relief, and Economic Security ) Act passed last week by the US Congress includes nearly $350 Million for small businesses and non profits. The Paycheck Protection Program will lend nonprofts funds to cover payroll and other costs. Many will qualify for the loans to be forgiven.

The Jewish Federations of North America is providing information on how to apply for these funds and providing guidance for Jewish day schools and other Jewish non profits. More Information