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Megachurches receive small business loans

by Rachel Lynn Aldrich
Posted 7/07/20, 02:51 pm

City of Destiny, the church led by President Donald Trump’s personal pastor, Paula White-Cain, received between $150,000 and $350,000 in loans from the federal coronavirus stimulus package. Religious organizations—including megachurches, Catholic dioceses, and Jewish groups—received a total of $7.3 billion from the Payroll Protection Program, meant to buffer small businesses against the pandemic, according to a list released by the U.S. Treasury Department.

Who else was on the list? Joyce Meyer Ministries Inc. in Missouri and Willow Creek Community Church in Chicago, whose founder and former pastor Bill Hybels has faced accusations of misconduct, appeared in the list’s $5 million to $10 million bracket. Robert Jeffress’ 14,000-member First Baptist Church of Dallas and Guillermo Maldonado’s King Jesus International Ministry in Miami received between $2 million and $5 million in loans.

Dig deeper: Read Harvest Prude’s report in The Stew about why some churches were hesitant to accept loans through the program.


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Rachel Lynn Aldrich

Rachel is an assistant editor for WORLD Digital. Follow Rachel on Twitter @Rachel_Lynn_A.

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Comments

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  • MTJanet
    Posted: Tue, 07/07/2020 04:50 pm

    Disheartening news.  

  • Janet S
    Posted: Wed, 07/08/2020 07:45 am

    It is disheartening to think these churches would depend on the government and open the door to criticism.  I would like to ask them, is our God not able to take care of your needs.  Perhaps you need to re-think what and how you do ministry.

     

  • Neil Evans
    Posted: Wed, 07/08/2020 12:34 pm

    There are many blessings to being a small local church that is able to carry on effective ministry no matter the circumstances.

  • My Two Cents
    Posted: Wed, 07/08/2020 10:36 pm

    I'm appalled. Churches are not businesses. Oh wait, maybe they are.

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