Under PPP guidelines, they will not likely need to spend the cash straight right back.
Nonprofit companies meet the criteria to use for PPP loans (that is exactly exactly just how Harvard University received huge amount of money it later came back after having general public outcry).
On the list of nonprofits with ties to voucher and charter schools which have taken advantageous asset of the PPP system in Wisconsin would be the Silver Spring Neighborhood Center ($150,000 to $350,000) the rebels that are running Organization, Inc. ($350,000 to $1 million) and period of Grace Ministry ($150,000 to $350,000).
The Wisconsin Lutheran High School Conference received between $1 and $2 million, and Wisconsin Montessori community received between $350,000 and $1 million.
The small company management (SBA) states the loans as a variety, in place of disclosing particular loan amounts because, to make the names of loan recipients general public, the Trump management is вЂњstriking the right balanceвЂќ between general public transparency and protecting the privacy of payroll and private income information of smaller businesses, Treasury Secretary Steven Munchin describes in the SBA web site.
Some spiritual businesses that received loans aren’t detailed as schools, but are with the cash for school staff. These generally include St. Marcus Evangelical Lutheran Church Inc. which received between $1 million and $2 million that went along to the St. Marcus School, based on the schoolвЂ™s superintendent Henry Tyson.
Between $35 million and $85 million for Milwaukee option schools
The Milwaukee Teachers Education Association (MTEA) utilized a database that is publicly available of loans to compile a summary of 72 privately run (but publicly funded) Milwaukee schools that received an overall total of between $35.2 million and $85.2 million in PPP funds.Read More