University Liggett School Granted Loan under Paycheck Protection Program 07/08/2020
University Liggett School Granted Loan underGrosse Pointe Woods, Mich. – July 8, 2020 – In response to the economic impact of the COVID-19 pandemic and in order to protect the jobs of its 180 employees, University Liggett School applied for relief through the Small Business Association’s Paycheck Protection Program and was granted a loan in late April.
The Paycheck Protection Program is a business loan program established by the Coronavirus Aid, Relief, and Economic Security Act to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.
“The impact of COVID-19 on the operation of our ice rink, summer camp programs, tuition payments, donation, and other vital revenue streams has been significant,” said University Liggett School Head of School Bart Bronk. “As an eligible nonprofit organization, we are grateful for this opportunity, which will help to protect the positions of our employees in these uncertain times.”
Like all independent schools, University Liggett School receives no state or federal funding toward any of its operations. When the Paycheck Protection Program was announced, the University Liggett School Board of Trustees, along with the school’s administration team, determined the school was eligible under SBA program guidelines. In good faith, the school applied, the SBA determined that University Liggett School met the criteria for the loan, and the loan was approved.
About University Liggett School
University Liggett School is an independent PreK through 12th-grade college preparatory school located in Grosse Pointe Woods, Michigan. The school is nationally recognized for its innovative approach to education and successful arts and athletics programs.
Director of Marketing & Communications Jane Berger can be reached at firstname.lastname@example.org or 313.884.4444, ext. 430 for more information.