Top 5 WHY CHURCHES SHOULD NOT TAKE THE PPP LOAN Answers

WHY CHURCHES SHOULD NOT TAKE THE PPP LOAN

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1. 8 Questions All Pastors Should Be Able To Answer About The …

1. Did we take the PPP loan? Who all was involved in this decision? 2. What did we do with the PPP funds?(1)

Allowing religious organizations to receive PPP funding for religious activities is inherently unconstitutional and sets a dangerous precedent for future (2)

The US Supreme Court ruled that California churches can, in fact, hold indoor gatherings, but the state could cap those gatherings at 25% (3)

For some churches, paying back PPP loans is better than …

Mars Hill is one of a small number of religious organizations that took out large PPP loans only to return the funds without ever withdrawing a (4)

3 answersNo, it is not unethical for churches to claim PPP as long as they were impacted by the pandemic. The program was explicitly designed to include nonprofits (5)

Churches: Take the PPP money and walk – Baptist News Global

Without this funding, these churches risk emerging from the crisis weaker and less able to do good. They also risk falling behind peer (6)

Why Churches Should NOT Take The PPP Loan From The Government! MONEY – The Dave Ramsey Show. Welcome to The Dave Ramsey Show like you’ve never (7)

2. Megachurches should not get federal loans – North Texas Daily

Unfortunately, multi-million-dollar megachurches have taken advantage of the PPP loans by taking money that could have saved struggling (8)

All told, 11,823,594 PPP loans were approved, for a total of $799.8 billion. For Philadelphia Baptist Church, based in Deville, Louisiana, (9)

How Megachurches Spent Coronavirus Relief Funds

Mike Vaughn doesn’t think churches should accept money from the The PPP rules say loans will be converted to grants if 75 percent of the (10)

Under normal circumstances, we would want to avoid the entanglement of church and state by taking government funding to pay for such expenses as (11)

Should My Church Apply for a PPP/EIDL Loan? – Cantey …

No. The SBA has clarified that a church is eligible for a PPP/EIDL loan as long as they have met the requirements of Section 501(c)(3) of (12)

Megachurches, where pastors are sometimes worth millions of dollars, were also able to qualify for PPP. Data from the SBA showed churches led by (13)

Although Congress described the program as an aid to small businesses (with no more than 500 affiliated employees), it was also available to (14)

3. Can Churches Get A Ppp Loan? [Comprehensive Answer]

Nonprofits, churches, and ministries are eligible for these credits, so if you didn’t get PPP loans, you might get tax credits for keeping your (15)

Why Bridgeway Church Chose Not to Apply for or Receive PPP (Paycheck Protection Program) Funds On Wednesday of last week numerous news outlets (16)

Paycheck Protection Program Resources – Great Plains …

The Great Plains Conference recommends that every church get the that churches should not be denied access to PPP loans because they have not filed Form (17)

In fact, many church leaders are under the mistaken belief that they are not allowed to record PPP loan proceeds as income until after the church has (18)

Additional Financial Relief for Churches That Have Not …

(Note: this credit is not available to local churches that receive a PPP loan.) The credit is taken against the FICA taxes paid by the local church. It is only (19)

Churches, religious organizations and faith-based organizations were delighted to learn that they were eligible for funding under the (20)

Though child abuse may not be something you could ever imagine happening within your ministry, sexual abuse of a minor is one of the top five (21)

4. The Catholic Church and the Payroll Protection Loan Program

Without the funding from the PPP, lay employees would have been furloughed, resulting in a loss of services to parishes, schools and communities (22)

The Treasury Department under Trump waived the religious-affiliation rules when it implemented the PPP, allowing not only religious-affiliated (23)

New PPP Guidance and Loan Application Forms Available

Nonprofit organizations (including churches). reduced by returns and allowances.” This does not include forgiven PPP First Draw loans.(24)

Entities that have received a PPP loan must apply within 10 months of the last day of so Canadian non-profits would not be able to take advantage of it.(25)

Important considerations to why some’ secular organization should not have received aid · Other Massachusetts nonprofits received PPP loans (26)

FAQs on PPP Funding | United Methodist Church of Greater …

What are the concerns of churches participating? · Church’s ability to repay loan if not forgiven · Filing of application for loan with required attachments (27)

To take advantage of the loan forgiveness provisions of the PPP program, but it does not constitute legal advice and is not a substitute for the advice (28)

5. 4 reasons churches shouldn’t rush their PPP forgiveness …

Churches have 24 weeks to use their PPP money, leaving them more time to take steps that will help them qualify for full loan forgiveness.(29)

SBA will not assess, and will not permit participating lenders to assess, the reasonableness of the faith-based organization’s good-faith (30)

Some business owners also worried about taking out a loan in the Interactive: Lookup which Sacramento County Churches received PPP Loans.(31)

Mass. churches amassed over $82M in small business PPP …

Northeastern University law professor Peter Enrich said he sees no legal issue in providing PPP aid to non-taxable entities like churches, since (32)

How does PPP loan forgiveness work? · How much of my PPP loan will be forgiven? · What happens if all or some of my funds are not forgiven? · What is my Covered (33)

Michigan churches, synagogues, mosques get millions in federal PPP loans Churches and other religious institutions across metro Detroit have (34)

Nearly 50 Texas churches received $1 million or more in PPP …

Osteen’s church defended it’s loan, saying that Osteen, who is worth millions, did not receive any personal benefit and that hundreds of its (35)

Excerpt Links

(1). 8 Questions All Pastors Should Be Able To Answer About The …
(2). PPP Loans Should Fund Small Businesses, Not Religious …
(3). COVID Contradiction? Churches Get Federal PPP Money …
(4). For some churches, paying back PPP loans is better than …
(5). Is it unethical that churches were eligible to receive PPP loans …
(6). Churches: Take the PPP money and walk – Baptist News Global
(7). Why Churches Should NOT Take The … – Midlands Directory
(8). Megachurches should not get federal loans – North Texas Daily
(9). With Pandemic Tithes Up, Churches Pay Back Millions in …
(10). How Megachurches Spent Coronavirus Relief Funds
(11). Should Churches Apply for SBA-Backed Loans? – The Gospel …
(12). Should My Church Apply for a PPP/EIDL Loan? – Cantey …
(13). The inequities of PPP: Megachurches, large corporations …
(14). Yes, the Catholic Church benefited from federal PPP loans …
(15). Can Churches Get A Ppp Loan? [Comprehensive Answer]
(16). Why Bridgeway Church Chose Not to Apply for or Receive …
(17). Paycheck Protection Program Resources – Great Plains …
(18). Recording PPP Loan Proceeds as Income – Discipleship …
(19). Additional Financial Relief for Churches That Have Not …
(20). SBA Addresses Concerns of Faith-Based Organizations
(21). Applying for PPP Loan Forgiveness – American Church Group …
(22). The Catholic Church and the Payroll Protection Loan Program
(23). Last-minute regulation would make churches eligible for …
(24). New PPP Guidance and Loan Application Forms Available
(25). Coronavirus Resources | Disciples Church Extension Fund
(26). Mass. churches amassed over $82 M in small business PPP …
(27). FAQs on PPP Funding | United Methodist Church of Greater …
(28). Paycheck Protection Program: Top 7 Takeaways for Ministries
(29). 4 reasons churches shouldn’t rush their PPP forgiveness …
(30). For Some Churches, SBA’s Paycheck Protection Program Is …
(31). The Paycheck Protection Program Was Meant To Help Places …
(32). Mass. churches amassed over $82M in small business PPP …
(33). Paycheck Protection Program (PPP) for Ministries & Churches …
(34). Churches, synagogues, mosques in Michigan get millions in …
(35). Nearly 50 Texas churches received $1 million or more in PPP …

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