18 Colorado Springs churches receive federal taxpayer-funded loans

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COLORADO SPRINGS, Colo. (KRDO) – A KRDO analysis of federal data released by the US Treasury found that 18 churches in the Colorado Springs area have received millions in repayable federal loans in recent months.

These churches have all applied for loans through the Small Business Association (SBA) Paycheck Protection Program to help offset losses due to the COVID-19 pandemic.

As a general rule, faith-based institutions are not legally permitted to lobby for federal funds distributed by the SBA. Churches are also generally exempt from paying taxes.

However, federal authorities are allowing churches to use the money due to the devastating impact the coronavirus has had on the economy.

“I don’t think anyone in our agency or our treasury really has a real interest in denying this aid to faith-based organizations,” said SBA District Director Frances Padilla. “WWe know they face the same economic hardships, so this was actually deliberated and put into an interim final rule.

Colorado Springs churches received between $150,000 and $2 million individually. The 18 churches said the loan money would save at least 700 jobs.

Not all of the Colorado Springs churches that applied said the money would help them keep employees on the payroll. Data showed the First Presbyterian Church of Colorado Springs and First United Methodist Church said the money would not help them keep employees on the payroll.

The First United Methodist Church did not respond to KRDO’s request for comment.

Early Presbyterian leaders said the information was incorrect because they were able to keep 70 employees on the payroll with the loan.

A statement from First Presbyterian said: “First Pres applied for and was a recipient of the Payroll Protection Plan loan. This loan has allowed us to maintain our payroll for over 70 ministry employees during this pandemic. Additionally , we continued our financial support of 18 local ministry partners, including Springs Rescue Mission, Catholic Charities, Crossfire Ministries, COSILoveYou, Family Life Services and Family Promise, as well as more than 16 local and global missionaries.

Asked about the data issues, the SBA said some organizations or lenders failed to report it. However, officials said there is a strict monitoring process and all loans over $2 million will be automatically audited.

“For these organizations to request a discount and maximize the discount, they are going to have to go back and review the number of employees they had at the start of the period versus the end of the loan period and, well sure, payroll levels. So the data will exist. Some lenders have captured it, some organizations have not captured it. So on the face of it, it’s not entirely consistent,” Padilla said.

Here is a list of churches that have received PPP money.

NEW LIFE CHURCH
Loan amount: $1-2 million
163 jobs retained

FIRST PRESBYTERIAN CHURCH IN COLORADO SPRINGS
Loan amount: $350,000 – 1 million
70 jobs retained

VILLAGE SEVEN PRESBYTERIAN CHURCH
Loan amount: $350,000 – 1 million
88 jobs retained

CHURCH FOR ALL NATIONS
Loan amount: $150,000 – 350,000
28 jobs retained

CHURCH OF THE DIVINE REDEEMER
Loan amount: $150,000 – 350,000
28 jobs retained

CHRISTIAN CHURCH OF COLORADO SPRINGS INC
Loan amount: $50,600
8 jobs retained

CORPUS CHRISTI CATHOLIC CHURCH
Loan amount: $150,000 – 350,000
34 jobs retained

COLORADO SPRINGS CHRISTIAN CHURCH DISCOVERY
Loan amount: $150,000 – 350,000
32 jobs retained

FIRST EVANGELICAL LUTHERAN CHURCH
Loan amount: $150,000 – 350,000
33 jobs retained

FIRST UNITED METHOD CHURCH
Loan amount: $150,000 – 350,000
0 jobs retained

MOUNTAIN SPRINGS CHURCH
Loan amount: $150,000 – 350,000
50 jobs retained

PIKES PEAK CHRISTIAN CHURCH
Loan amount: $150,000 – 350,000
24 jobs retained

PULPIT ROCK CHURCH
Loan amount: $150,000 – 350,000
18 jobs retained

ASSEMBLY OF GOD RADIANT CHURCH
Loan amount: $150,000 – 350,000
38 jobs retained

CHURCH SOURCES OF LIFE
Loan amount: $150,000 – 350,000
24 jobs retained

SAINT-PAUL CATHOLIC CHURCH
Loan amount: $150,000 – 350,000
67 jobs retained

ST. PETER CATHOLIC CHURCH (MONUMENT)
Loan amount: $150,000 – 350,000
39 jobs retained

ROCKY COMMUNITY – COLORADO SPRINGS
Loan amount: $150,000 – 350,000
22 jobs retained

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