Small company loan data reveal big payday for personal schools which also have general general public funds
Under PPP guidelines, they will most likely not need to pay the cash straight right back.
Nonprofit companies meet the criteria to try to get PPP loans (that is just just how Harvard University received vast amounts it later came back after a general public outcry).
One of the nonprofits with ties to voucher and charter schools that have taken advantageous asset of the PPP system in Wisconsin would be the Silver Spring Neighborhood Center ($150,000 to $350,000) the operating Rebels Community Organization, Inc. ($350,000 to $1 million) and period of Grace Ministry ($150,000 to $350,000).
The Wisconsin Lutheran senior high school Conference received between $1 and $2 million, and Wisconsin Montessori Society received between $350,000 and $1 million.
The small company management (SBA) states the loans as an assortment, in place of disclosing specific loan amounts because, for making the names of loan recipients general general public, the Trump management is вЂњstriking the correct balanceвЂќ between general general public transparency and protecting the privacy of payroll and individual earnings information of smaller businesses, Treasury Secretary Steven Munchin describes regarding the SBA web site.
Some spiritual companies that received loans aren’t detailed as schools, but they are with the cash for college 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 class, in accordance with the schoolвЂ™s superintendent Henry Tyson.
Between $35 million and $85 million for Milwaukee choice schools
The Milwaukee Teachers Education Association (MTEA) utilized a database that is publicly available of loans to compile a list 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. Continue reading
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