loans

Some Churches Got Mega PPP Loans. A Few Got Tiny Ones.

a pile of money, Some churches got massive PPP loans while others got tiny ones

More than 123,000 religious groups were approved for Paycheck Protection Program loans, according to data from the Small Business Administration. Of the 123,083 loans to religious groups, only about 13,000 were for more than $150,000. Those larger loans accounted for about $5.5 billion of the more than $9 billion worth of PPP loans approved for religious groups.