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TexasTowelie

(127,350 posts)
Tue Dec 15, 2020, 04:34 AM Dec 2020

Want to know how much money Joel Osteen's megachurch received?

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 more: https://www.chron.com/business/article/Joel-Osteen-church-receives-PPP-loan-networth-15800195.php

24 replies = new reply since forum marked as read
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Want to know how much money Joel Osteen's megachurch received? (Original Post) TexasTowelie Dec 2020 OP
Gee-zus Fucking Christ... Raster Dec 2020 #1
He certainly has plenty of $$ for commercials! Rhiannon12866 Dec 2020 #2
This message was self-deleted by its author CatLady78 Dec 2020 #8
Thanks for this! Rhiannon12866 Dec 2020 #9
This message was self-deleted by its author CatLady78 Dec 2020 #10
Come to think of it, I have gotten repeated ads for various "religious" audio offerings Rhiannon12866 Dec 2020 #11
This message was self-deleted by its author CatLady78 Dec 2020 #13
I honestly can't think of a soul! Rhiannon12866 Dec 2020 #14
This message was self-deleted by its author CatLady78 Dec 2020 #19
Oh, I liked and followed The X-Files, it was actually my job Rhiannon12866 Dec 2020 #20
This message was self-deleted by its author CatLady78 Dec 2020 #23
I bet you that Lakewood Church still required their members to pay their tithing. alwaysinasnit Dec 2020 #3
Unbelievable... secondwind Dec 2020 #4
It has been a while since I went to any church The Genealogist Dec 2020 #16
The Preacher and the Slave. safeinOhio Dec 2020 #5
A business loan for a business... Chicago1980 Dec 2020 #6
Wow. Sure makes me feel warm and fuzzy all over. PatrickforO Dec 2020 #7
Tax the Churches! LittleGirl Dec 2020 #12
seems excessive...... essaynnc Dec 2020 #15
Wonder how much went to directly "protect" the "paycheck" of Joel Osteen. The Genealogist Dec 2020 #17
Whew! I was worried Pastor Osteen wouldn't get to take his usual Christmas ski trip. tanyev Dec 2020 #18
Remember when Osteen wouldn't let people take refuge in the church Vinnie From Indy Dec 2020 #21
I'd like to know who personally authorized this PPP loan Blue Owl Dec 2020 #22
Tracking PPP Loans/Check your local zip code douglas9 Dec 2020 #24

Rhiannon12866

(255,538 posts)
2. He certainly has plenty of $$ for commercials!
Tue Dec 15, 2020, 04:42 AM
Dec 2020

I see them all the time! They advertise this contraption that allows people to listen to him wherever they go - why??

Response to Rhiannon12866 (Reply #2)

Rhiannon12866

(255,538 posts)
9. Thanks for this!
Tue Dec 15, 2020, 06:13 AM
Dec 2020

Someone brought that up to me the other day when I was complaining about the constant appearances of Joe Namath hawking Medicare insurance. But it does see really odd that I'd get those ads since I'm not remotely interested in either, LOL. But I'll have to read the whole article, fascinating - and scary! - stuff!

Response to Rhiannon12866 (Reply #9)

Rhiannon12866

(255,538 posts)
11. Come to think of it, I have gotten repeated ads for various "religious" audio offerings
Tue Dec 15, 2020, 06:25 AM
Dec 2020

And I'd imagine that would be the last kind of thing that I'd be offered since the only times I've gone to church in more years than I can count were family/friends funerals.

Response to Rhiannon12866 (Reply #11)

Rhiannon12866

(255,538 posts)
14. I honestly can't think of a soul!
Tue Dec 15, 2020, 07:52 AM
Dec 2020

There's just my brother, but he's agoraphobic and rarely leaves the house! And he watches '70s shows, those we watched as kids!

And that is unfortunate! I don't think any of my relatives are RWers, I'm in touch with my cousins, but those I communicate with would be comfortable on DU - and they're all in other states!

Response to Rhiannon12866 (Reply #14)

Rhiannon12866

(255,538 posts)
20. Oh, I liked and followed The X-Files, it was actually my job
Tue Dec 15, 2020, 09:29 AM
Dec 2020

My job was to write network descriptions for the newspapers and The X-Files was one of "my" shows. I worked with CBS and FOX (the entertainment network, not FOX News). And of course I liked some shows more than others, plus there were some I made a point of watching to keep up - plus I'd sometimes get "screeners" ahead of time.

And I also do order from Amazon, but mostly for my brother who watches the old shows, Emergency! and Adam-12 are among his favorites, and anything with Robert Conrad. So that could be an influence, but he's not into religion, either - not even Father Dowling, LOL. And that was NBC.

My personal favorites were Jimmy Carter's autobiography and Mary Trump's book - and though President Carter does talk about his faith in his autobiography, it mainly talks about everything he's done in his life including his Navy career and of course details about his presidency.

Response to Rhiannon12866 (Reply #20)

secondwind

(16,903 posts)
4. Unbelievable...
Tue Dec 15, 2020, 04:51 AM
Dec 2020

“Support for the church’s employees”... how many employees dies a church need?

I grew up going to church. All I ever saw was a gardener and an old man who came and swept and mopped. And the priest.

Lakewood Church is gargantuan, I know, and it’s more a business than “spreading the word of God”.

The Genealogist

(4,739 posts)
16. It has been a while since I went to any church
Tue Dec 15, 2020, 08:10 AM
Dec 2020

But I think the church I went to when I was a youngster, a modest-sized United Methodist, had more than that. They had a couple of women who worked in the office, a maintenance guy, a couple of ministers, the organist, someone who did janitorial duties. But outside of the ministers, they were part time workers. I doubt the payroll was more than a hundred grand a year total.

LittleGirl

(8,999 posts)
12. Tax the Churches!
Tue Dec 15, 2020, 06:53 AM
Dec 2020

They don’t pay taxes and shouldn’t be approved for any relief when self employed are not eligible! That’s fucking bullshit.

essaynnc

(985 posts)
15. seems excessive......
Tue Dec 15, 2020, 08:08 AM
Dec 2020

ppp loans were to tide a biz over for two months of allowable expenses.. wages, rent, utilities and loan payments. how's that add up to $4.4 million????? And no taxes??? bull !!

The Genealogist

(4,739 posts)
17. Wonder how much went to directly "protect" the "paycheck" of Joel Osteen.
Tue Dec 15, 2020, 08:12 AM
Dec 2020

If they wanted their paychecks protected, they should have prayed and believed harder. Isn't that the prescription for everyone else?

douglas9

(5,814 posts)
24. Tracking PPP Loans/Check your local zip code
Tue Dec 15, 2020, 01:19 PM
Dec 2020

Search Every Company Approved for Federal Loans Over $150k

As part of the Paycheck Protection Program, the federal government provided up to $659 billion in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. Search the loans approved by lenders and disclosed by the Small Business Administration (SBA).

https://projects.propublica.org/coronavirus/bailouts/



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