WASHINGTON — Paycheck Protection Program loans to parishes did not meet the number of parishes, or the size of the loans, listed in some news reports, according to Patrick Markey, executive director of the Diocesan Fiscal Management Conference.
A Washington Post report said 13,000 U.S. parishes had received PPP loans. In truth, Markey said, “round one was (that) 9,000-10,000 applied, and about 6,000 had received funds. In the second round, about 5,000 applied, and of those, 3,000 said they had their applications received.”
He added, “Since it looks like about 3,000 in the first round didn’t make it — and 3,000 had their applications accepted immediately (in the second round) — I assume they were already in the pipeline.”
The numbers were gleaned from a DFMC questionnaire sent to parishes. Markey said there will be no second questionnaire to parishes, as “they all sound like they got beaten up by the press.”
PHOTO: The White House
Visit Ignatius Press for the best in Catholic Reading!
