This year, Christians across the world will celebrate Holy Week in a way none
of us originally planned. Churches are broadcasting virtual Stations of  
Dear friend,

This year, Christians across the world will celebrate Holy Week in a way none
of us originally planned. Churches are broadcasting virtual Stations of the
Cross and getting creative to ensure their congregations are connected for the
holiest day of the year: Easter.I can’t help but be reminded how important
faith– in any denomination – is during these uncertain and challenging times.

Churches and faith-based organizations are critical parts of our society,
which is why they were deliberately included in the COVID-19 relief bill, known
as The CARES Act. Through the Small Business Association,faith-based
organizations are eligible to participate in the Paycheck Protection Program
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and the Economic Injury Disaster Loan program to ensure pastors and staff are
able to continue their important work during this outbreak.

Eligibility is determined regardless of an entity’s religious identity or
activities, and can support the following:

The Paycheck Protection Program
 
* designed to keep small business workers employed and provide small
businesses with capital through the nation’s banks and other lending
institutions
* the maximum loan amount is $10 million with a fixed 1% interest rate and
maturity of two years
* The SBA will forgive the portion of loan proceeds used for payroll costs
and other designated operating expenses for up to eight weeks provided at least
75% of loan proceeds are used for payroll costs.
  The Economic Injury Disaster Loan
 
* provides qualifying small businesses and non-profits with working capital
up to $2 million with low interest rates and terms extending up to 30 years
  Faith-based organizations can find additional details, as well as apply, at
sba.gov/coronavirus
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. I strongly encourage our small businesses take advantage of this opportunity.
The grants will be retroactive to February 15, 2020, with the goal of bringing
workers who have already been laid off back onto payrolls. Other provisions in
the CARES Act provide assistance for those who are not able to return.

I want to make sure every faith leader in Texas knows about these programs
and can access support, as needed. We are in this together and, with faith and
perseverance, we will get through this.


John Cornyn
 


 

   









 


 
 

Paid for by Texans for Senator John Cornyn, Inc.
 
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