JCRIF Application Rabbi Adir Posy May 18, 2020 OU Jcrif application Application form for Interest Free Loan for Shuls Name of Shul*Address* Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Name of Shul Primary Contact Person* Mr.Mrs.Ms.Dr.RabbiRebbetzin Prefix First Last Primary Contact person's Role in Shul (e.g. Executive Director, Rabbi, etc.)Email of Shul Contact Person* Enter Email Confirm Email Loan Amount Requested*Please enter a number greater than or equal to 150000.Basis for Calculating Max Loan AmountThe minimum loan is $150,000 per individual organization. The maximum an organization can apply for is determined through the following process: Calculate the average trailing operating budget from the past three years. Subtract the projected average annual debt service for the next 48 months. Then multiply the resulting number by .4Are you eligible for a federally-backed loan (e.g., SBA Loans)?*YesNoWhy Not?Did you apply for a loan?YesNoWhy Not?List of Key StaffFirst NameLast NameRole List of Board of DirectorsFirst NameLast NameRole Please Upload your Financials for 2018 & 2019 Drop files here or unaudited financial statements, budgets, and cash flow* Drop files here or Please Upload your unaudited financial statements, budgets, and cash flowBudget, revenue, and cash flow projections for 2020.*Accepted file types: excel, pdf, word.Please upload a document with budget, revenue, and cash flow projections for 2020. Please provide projections for 2021 if available. Please include a. Please provide both the budget set prior to the crisis, as well as your newly revised operating plan and budget. b. Specifically, what, if anything, has been cut from expenses in the face of COVID-19, and what expenses are deemed non-mission criticalWhat is the current and projected cash burn rate, (how much does your organization spend per month)?When are you projected to run out of cash?Does your organization currently have outstanding debts?* Yes No What is the current debt outstanding for the organization and what are its terms?New ProgramsAre there any additional programs that the organization would like to add in the face of the COVID-19 crisis? Please provide details and incremental costs for these programs (in spreadsheet form.) What is the intended use of the loan?What is the intended plan to repay the loan?What is the board’s plan for funding shortfalls in this crisis in addition to applying for this loan? What other resources or programs have been made available or implemented (e.g., releasing endowment funds, furloughs, increased fundraising, etc.)?"By submitting this information to the Orthodox Union, I hereby understand, acknowledge and agree that this information will be reviewed and processed by the Orthodox Union for the purposes of verifying completeness of the application and for the purpose of forwarding this information to the loan processor, Nonprofit Finance Fund (“NFF”). I further understand and acknowledge that the Orthodox Union has no responsibility for making any decisions with respect to the loan. I understand and agree that it is my responsibility to review the policies of the NFF, including, without limitation, with respect to the purpose for which the NFF will review and process the information I have submitted."Please Print your name to this acknowledgement. Save and Continue Later Like this article? Sign up for our Shabbat Shalom e-newsletter, a weekly roundup of inspirational thoughts, insight into current events, divrei torah, relationship advice, recipes and so much more!