The Associated Press was able to confirm that the Roman Catholic collected between $1.4 billion and $3.5 billion. However, analysts believe that the actual amount is much higher. The report states that the Diocesan Fiscal Management Conference, an organization of Catholic financial officers, surveyed members and found about 9,000 Catholic entities received loans. That amount is nearly three times the number of Catholic recipients the AP could identify since the government’s PPP data dump did not include the names of beneficiaries that received loans of less than $150,000 (a category under which many smaller churches would land). SBA data revealed that 86.5% of all PPP loans were for less than $150,000. The loans will be forgiven if they are used for wages, rent or utilities.
Hundreds of millions are going to dioceses that have paid massive settlements or sought bankruptcy protection due to sexual abuse claims, according to Associated Press analysis.]
God will show up anywhere there is free money.