Pastor Joel Osteen’s Lakewood Church Received 4.4 Million in Federal COVID Loan and Folk Mad…

Hello World,

Whew. I really don’t know what to say, but plenty of folk on Twitter said a lot. First the official news and then the Twitter reactions…

“Want to Know How Much Money Joel Osteen’s Megachurch Received?” by Shelby Stewart of Houston Chronicle

Lakewood Church received a $4.4 million Paycheck Protection Plan loan during the coronavirus pandemic, according to federal data. The loan was disbursed in July of this year.

U.S. Small Business Administration data, which was released at the beginning of December, showed that Lakewood Church’s PPP loan was created by Bank of America. The megachurch’s hefty loan was the third-largest PPP loan approved for a Houston-area entity during all of July and August, according to Chris Matthews at Houston Business Journal.

The church, like many other businesses, was hit hard by the COVID-19 pandemic. Lakewood’s in-person services were halted due to the pandemic, but were able to resume in October, at 25 percent capacity. According to a statement from Lakewood spokesperson David Iloff, the church’s PPP loan was used to provide support for the church’s employees. Read the rest HERE.

 

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