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CARES Act and Non-profit resources - Shared screen with speaker view
Stephanie Hausner
12:13
It's open to all. We will have information that anyone in the US coud use
Darcy Hirsh
12:47
Thanks for joining. Everyone will be muted. If you have questions, please ask them in the Q&A box
Lisa Rocklin
13:09
My organization is having a meeting simultaneously. Can I see or access your information after the session ends?
Stephanie Hausner
13:21
Everyone's cameras are hidden
Darcy Hirsh
14:09
Yes it will be recorded
Stephanie Hausner
14:24
There is information available on Jewishtogether.org to access additional information.
Lisa Rocklin
14:28
Thank you, very grateful.
JFNA Washington Office
14:37
Yes, this call is being recorded and the recording will be circulated later.
Darcy Hirsh
17:48
Please ask all questions in the Q&A box at the bottom of your screen.
Yaakov Menken
18:48
Is our own video hidden during the presentation? If I move about I don't want to distract others
Darcy Hirsh
18:57
Lenders approve the loans
Darcy Hirsh
19:01
Cameras ae hidden
Stephanie Hausner
22:14
The majority of information will be the same as yesterday's call.
Donna Levine
24:12
Employer's portion of FICA can't be included?
Donna Levine
28:42
What about part-time teachers that only work through May generally?
Stephanie Hausner
29:19
Just a reminder to post questions in Q & A box
Mickayla Rosard
30:39
Can you clarify what the interest rate is?
Suzanne Albin
31:13
1%
Debra Polsky
31:55
please put your questions in the Q & A box!!
Matthew Hoskinson
33:15
The Loan Calculator on JFNA’s website is spectacular. Thank you!
Darcy Hirsh
33:21
Thanks Erin. We’ll be addressing the questions after the slide presentation
Mickayla Rosard
35:15
are you paying the 1% interest on the forgiven principal amount?
Alan Eschenbacher
35:47
I may be thinking of something else, but SBA used to have a loan provision that board members had to personally guarantee loans?
Suzanne Albin
36:13
This is different from the usual SBA loans, it’s not required
Emily Haber
37:16
The SBA document says 2.5 * average monthly payroll. That is 20.8%. Please clarify for folks. 2.5% is way too low.
Alan Eschenbacher
38:11
Thank you Suzanne!
Saul Cohen
40:41
Some banks are requiring existing direct deposit relationship.
DAVID KAPPUS
44:37
It is basically 2.5 months worth of your total average monthly payroll expenses, right?
Yaakov Menken
44:57
To Emily's question, I think someone inadvertently said 2.5% when the meant 2.5 times, 250% of monthly payroll.
Mickayla Rosard
50:10
can you place the link to the form here please
Stephanie Hausner
51:04
https://content.sba.gov/sites/default/files/2020-04/PPP%20Lender%20Application%20Form_0.pdf
Jeffrey Hoff
52:06
https://www.sba.gov/document/sba-form--paycheck-protection-program-borrower-application-form
Stephanie Hausner
52:14
This has a loan calculator; https://www.jewishtogether.org/sba-loan-information
Mickayla Rosard
52:31
Thank you!
Trish Bailey
56:31
EIDL application indicates first $10,000 of EIDL loan is immediately forgiveable and deposited into organization's account
Gonpo Yeshe (David) Williams
56:45
Sorry of this is repetitive, if an employee is paid more than $100K a year, can this salary be covered by the PPP? or, can the portion up to $100k be covered?
Trish Bailey
59:52
Portion up to $100K can be included and forgiven. Capped at $100K. So not portion over $100K
Stephanie Hausner
01:03:36
We will send out an email as follow up with recording and FAQ doc
Sheri Barberini
01:04:08
Thanks! Taking notes and listening at the same time is tough
Mike Winston
01:05:32
TEACHERS: More worries about the FTE count at June 30?
Andy Farber
01:05:43
Is there a total maximum benefit?
Suzanne Albin
01:06:47
Andy Farber my understanding is it’s up to $10 million
Suzanne Albin
01:08:00
But it can’t be more than 2.5 times the payroll costs
Gonpo Yeshe (David) Williams
01:09:04
Wonderful information and thank you for providing this webinar. Appreciate this so much.
Monika Wunderer
01:10:54
Thank you so so so much
Hannah Halbert
01:11:05
Greetings from Ohio- This was excellent and the resources on the website are so helpful.
Matthew Hoskinson
01:11:06
Thank you all!
Matthew Hoskinson
01:11:22
Peace and good health to you all.
Melody Eastman
01:11:38
Yes, this is incredibly helpful—thank you so much!
Lindsay Shipps Haake
01:11:43
Shabbat shalom.
jonathan gartner
01:11:51
Thanks for the information