Nearly 50 Texas churches received $1 million or more in PPP loans
Data from the Small Business Administration shows which churches received the loans
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Joel Osteen, the pastor of Lakewood Church, stands with his wife, Victoria Osteen, as he conducts a service at his church. (Photo by Joe Raedle/Getty Images) (2017 Getty Images)
SAN ANTONIO – Data from the Small Business Administration shows that at least 46 Texas churches received $1 million or more in loans from the Paycheck Protection Program.
The federal program, known as PPP, was designed as an incentive for small businesses to keep workers on the payroll after the economic fallout from the coronavirus pandemic which shuttered doors to businesses around the world.