As suffering small businesses around the country clamor for much-needed loans from the federal Paycheck Protection Program, news of prominentreceiving millions of dollars sparked an among owners of smaller businesses who have been . Now, many will likely be surprised to learn that between 12,000 and 13,000 of the 17,000 Catholic churches in the U.S. also applied for those coveted PPP loans.
Pat Markey, the executive director of the Diocesan Fiscal Management Conference, an association of finance officers from Catholic dioceses, estimates that around 6,000 Catholic parishes had their applications for federal funding approved in the first round of PPP and around 3,000 have received loans so far in the second round.
While most people likely don’t think of Catholic churches as small businesses, Markey says houses of worship and their affiliated schools are trying to keep employees on their payrolls as well.
“The PPP isn’t about the federal government assisting houses of worship or churches,” he tells CBS News. “PPP is about keeping people on payrolls and a large segment of our society is the not for profit world. And a large segment of that society are churches and houses of worship. And they have people on payrolls too. So, if what this is about is keeping people on payrolls, then we all should have availability to do that….”
The above comes from a May 8 story on CBS News.