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Joel Osteen’s Houston megachurch defends getting $4.4 million in federal PPP loans
Lakewood Church spokesperson said loans don’t personally benefit Pastor Osteen
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HOUSTON – Joel Osteen, the pastor at Lakewood Church in Houston, has come under fire in recent days after Houston Chronicle reported that the megachurch received $4.4 million in PPP loans from the Small Business Administration (SBA).
Federal Paycheck Protection Program Loan data provided by the Small Business Administration (SBA) indicates that the loan given to Lakewood Church is the third-largest for any Houston-area business or nonprofit.
The data shows that Lakewood Church applied for the loan on July 21 and that 368 jobs would be affected by the loan.