PPP kept 75% of churches, Christian organizations that took loans fully staffed
Some 75% of Christian churches and organizations that applied for and received forgivable loans under the federal governmentâ€™s coronavirus relief program for small businesses, known as the Paycheck Protection Program, say the loans helped keep their operations fully staffed and many of them have already been forgiven.
A recent survey by Vanderbloeman citing data collected over several months from 900 churches and Christian organizations reveals how crucial the relief program has been for the survival of Christian operations.
The survey found that 76.09% of the churches in the survey had service attendance below 1,000 while 58.85% attracted less than 500. A majority of the churches (74%) also had annual budgets of less than $2 million....