ONE YEAR LATER: How PPP loans helped Pius X through the pandemic
Just about a year ago, the government stepped in to help those who were struggling financially by offering PPP loans.
LINCOLN, Neb. (KLKN)- Just about a year ago, the government stepped in to help those who were struggling financially by offering PPP loans. One of those recipients was Pius X High school, receiving more than a million dollars.
“Oh, my gosh. It was, I mean, it was an amazing help for us,” Principal Tom Korta, said.
It was the relief that so many needed. The government offering up billions of dollars for business who would soon go through a tough year.
billions of dollars would be up for grabs to help businesses through what would soon be a rough year.
“We had parents who had lost work. So, being a catholic school, we rely on tuition income. We also rely on parish support and parishes were impacted by COVID. They were not allowed to have mass for a long time and so parish giving was down,” Korta said.
Fourty percent of their income came from tuition and the rest from parish’s and fundraisers, something that was pretty much non–existent in the beginning.
That’s where the $1.3 million in PPP loans came in. It helped families keep their kids enrolled.
It also helped keep staff employed during hard times. Though some were hourly and couldn’t be in the building during the spring, Pius was still able to provide for them.
Now, a year later, Korta says the community has gone above and beyond to help and they can look forward to the future.
“I’m not going to say that giving is 100% back to its normal level. It’s definitely recovering and in that, in the positive direction. I also have to say the supporters of Pius have been tremendously generous,” Korta said.