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Small business suffocates during pandemic while Megachurch receives $ 4.5 million COVID-19 PPP loan for lack of donation
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Small business suffocates during pandemic while Megachurch receives $ 4.5 million COVID-19 PPP loan for lack of donation

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Joel Osteen’s Lakewood Church requested and received $ 4.4 million as a pandemic victim.

According to Joel Osteen, the religious empire was cut off from parishioners and donations, but did not apply for assistance in the early stages of the pandemic, nevertheless, announced that as part of the federal CARES Act, it was allocated more than $ 4 million, according to the Houston Chronicle.

“Believing the shutdown would only last a few weeks, Lakewood did not initially apply for PPP assistance during the first half of the program,” spokesman Donald Iloff told the Houston Business Journal. “However, as the shutdown persisted month after month, given the economic uncertainty, Lakewood finally applied for the PPP loan and has been able to provide full salaries and benefits including health insurance coverage to all of its employees and their families.”

On top of that, the church is not a for-profit organization, which exempts the Osteen multimillionaire from paying taxes. According to official information, the fortune of the televangelist is estimated at $ 50 million, and the church also receives more than $ 40 million annually.

At the moment, the government is vehemently rejecting a second $ 1,200 US aid package and offering relief checks for $ 600, which is not enough to cover monthly rent in any state.

 

 

Author: Usa Really