Business loan data show big payday for private schools which also have general public funds

Business loan data show big payday for private schools which also have general public funds

Under PPP guidelines, they will most likely not need to pay the amount of money right back.

Nonprofit businesses meet the criteria to utilize for PPP loans (that will be how Harvard University received vast amounts it later returned after having a general public outcry).

One of the nonprofits with ties to voucher and charter schools which have taken benefit 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 Time of Grace Ministry ($150,000 to $350,000).

The Wisconsin Lutheran senior 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 the place of disclosing loan that is specific because, to make the names of loan recipients general general general public, the Trump management is “striking the correct balance” between general public transparency and protecting the privacy of payroll and individual earnings information of small enterprises, Treasury Secretary Steven Munchin describes regarding the SBA internet site.

Some spiritual businesses that received loans aren’t detailed as schools, but they are making use of the cash for college staff. These generally include St. Marcus Evangelical Lutheran Church Inc. which received between $1 million and $2 million that decided to go to the St. Marcus class, in line with the school’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 listing of 72 privately run (but publicly funded) Milwaukee schools that received a complete of between $35.2 million and $85.2 million in PPP funds. Read More …