Thousands of Catholic Churches Received PPP Loans ⛪

With the COVID recession, businesses around America are looking for loans from the federal Paycheck Protection Program (PPP). More than 12,000 of the 17,000 Catholic churches in the U.S. applied for PPP loans and 9,000 got them. According to the U.S. Small Business Administration, "...houses of worship... qualify for PPP... loans as long as they meet the requirements of Section 501(c)(3) of the Internal Revenue Code…” Pat Markey, the executive director of the Diocesan Fiscal Management Conference said “The PPP isn't about the federal government assisting churches... PPP is about keeping people on payrolls…we all should have availability to do that."

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Source: More than 12,000 Catholic churches in the U.S. applied for PPP loans – and 9,000 got them

Location: United States of America