Why are churches receiving PPP loans?
Combing through millions of PPP records from around the United States, NBC Bay Area’s Investigative Unit found at least 4,982 religious organizations in California, including churches, mosques, synagogues and the like, received $608,438,703.60 in PPP loans designed to keep small business afloat during the pandemic.
Is there money in PPP?
As of 5/31/2021 the SBA has disbursed $800 billion of the $813.5 billion so far appropriated by Congress to this program. As of Round Three, $6 billion, or 2 percent of Round Three PPP funding, remain available to the program.
Why do churches take money?
The money that is given is used to construct and maintain its buildings as well as to further the work of the church. … Those serving in full-time church leadership do receive stipends for living expenses, but they are paid from non-tithing resources, such as investments.
Did Catholic churches get PPP loans?
Here’s a maddening pandemic fact: Catholic dioceses in the U.S. and other institutions backed by the Roman Catholic Church took more than $3 billion in taxpayer-funded government aid as part of the Paycheck Protection Program, according to an investigation by the Associated Press.
How much money in PPP loans did the Catholic Church receive?
But an Associated Press investigation found that the Roman Catholic Church, through its various parishes and entities, received more than $3 billion in PPP funding when it already held more than $10 billion in cash and short-term investments.
Is there still PPP money left?
PPP Money – Nearly All Gone: Only $8 billion remains available. Source: CBS News, April 6, 2021.
Is all the PPP money gone?
Most of the money is already gone. As of Friday, only about $3 billion was left of the $800 billion provided for the program, according to congressional staff. The Small Business Administration has approved more than 11 million of the loans over the course of the program.
Is there a 3rd round of PPP?
A third round of Paycheck Protection Program (PPP) loans was authorized by the passage of H.R. 133: Consolidated Appropriations Act, 2021 into law on Dec. 27, 2020. … Business owners can still apply for an EIDL loan but PPP loans are no longer available.
Do you have to give money to the church?
The good news: The U.S. has never forced civilians to give 10% of their income to a church, although it’s still held as the gold standard of charitable donations to your place of worship. There are lots of references to tithing in the Bible, which many Christians regard as the word of God.
What happens when you don’t pay tithes?
If you don’t pay tithe, the Bible says you are robbing God and you are under a curse. This curse cannot be removed by your good works or the fact that you are born again. You can only reverse this curse if you start paying tithe. Tithe is the only key to prosperity and God’s blessing.
What does the church do with the tithes?
So, whatever money that comes into the church through tithe goes into the church purse. Such money is used to do necessary things in the church, such as church building.