PPP loans

Paycheck Protection loans helped archdiocese, many parishes in first stages of pandemic

The Archdiocese St. Paul and Minneapolis is among dioceses around the country whose central offices received loans from a federal Paycheck Protection Program to help retain employees as the COVID-19 pandemic spread, said Tom Mertens, chief financial officer.

Pastor says ‘every penny’ of loan used to save jobs, cover maintenance

Across the country, Catholic dioceses, parishes and other church-run entities say the federal emergency "bridge loans" they applied for and received have helped keep much-needed ministries functioning during this coronavirus pandemic and the economic downturn that has resulted.

PPP loans have had direct benefits for church communities, recipients say

Catholic entities that took part in the Paycheck Protection Program said the federal emergency bridge loans translated into rapid assistance for their communities in the early months of the pandemic's economic impact.
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