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USCJ Jewish Community Response and Impact Fund Loan Program Webinar - Shared screen with speaker view
Mark Gaines
07:18
I"m not hearing anything yet.
Jonathan Boiskin (USCJ)
07:34
Everyone is muted until we begin the webinar shortly. Welcome!
Mark Gaines
10:13
thank you
Miriam Haimes
24:16
Does a PPP loan get included in the debt service calculation given that we do not expect to repay
Mike Ungar
25:18
We are a small congregation. The method of calculation excludes us. Is this a firm boundary or will there be exceptions?
Toby Biebl
27:03
The formula refers to operating budget for past three years. We should use the budget instead of actuals when calculating the loan amount?
Toby Biebl
32:40
I believe the loan terms spoke of no raises for top five employees over the life of the loan. What if the synagogue has contractual raises for clergy? Is the syngogue is still eligible?
Mark Persitz
33:37
When you say operating revenue, do you mean "profit", dues, contributions, income from all sources???
Ellen Botwin
34:03
I assume mortgage, principal and interest is considered debt service?
Mark Gaines
35:15
Where cab we find the documents for the loans?
Jonathan Boiskin (USCJ)
35:53
https://uscj.org/blog/new-partnership-with-the-jewish-community-response-and-impact-fund-1
Jonathan Boiskin (USCJ)
36:01
For information and loan documents
Mike Ungar
36:55
Will you be covering the grant program as well?
Deborah Gregor
37:06
who is guaranteeing this loan?
Miriam Haimes
37:08
so just to clarify the raise item again. It does not preclude you from the loan, correct
Steven Shepard
37:28
Is there expected to be enough funding to meet all requests?
Mark Gaines
37:36
are you going to send out the slides?
Wayne Keil
38:12
Question about other loans. I believe that one part of the covenant was that no other loans would be entered into. Is that correct?
יעקב שלמה
39:12
can we use this money to pay off other debt?
Ellen Botwin
40:28
What if there is no contract for raises? Employees will be upset if not allowed to get small raises on occasion. A 5 year non-raise rule would make it difficult to retain them! Just as long as we can be honest and tell them that we wish to give SMALL raises on occasion, will we still be considered? It would be a very small percentage of the loan request.
Mark Gaines
41:18
Are you going to discuss the Grant Program?
Wayne Keil
41:44
As a followup, it could be that some institutions are needing to refinance their mortgage or have already started a process of renovation that would require working with their bank for a credit line.
David Pearlman
43:13
When you say the lenders, do you mean the 8 donors?
Deborah Gregor
44:04
are the names of the lenders available to us?
Gisele Ellis
44:47
What if we are ok now, put projecting that we would be in trouble in the fall/winter if our preschool needed to close again?
Mike Ungar
45:18
is there information about the Grant program available at this time, or is this still under development?
Deborah Gregor
50:23
if I apply for a largr amount, might the funders agree to a lesseer amount, or reject the application
Mark Gaines
53:38
can you send out the link via email so that we have it in a more permanent way/
Jonathan Boiskin (USCJ)
54:01
I will send after the call and we'll upload it to uscj.org
Rabbi Dennis Linson
55:00
Yashar kochem. Thank you. Stay safe and healthy.