On average, businesses in the state received about $7,000 per employee. Borrowers are eligible for full forgiveness as long as they maintain the same level of employment and compensation for a certain period and spend most of the loan on their payroll. While some minority-owned businesses may not have disclosed race in their application, only one Black business owner reported receiving a PPP loan worth at least $1 million. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. But We Wish It Had Been - Fatherly, A field guide to the pandemic deniers - Salon, Mastodon, Tool, Coheed + Cambria, Primus Members Team on Cover of Rush's 'Anthem' - Loudwire, Daddy Ducey had his chance to deal with COVID; It's time to call Mom | What the Devil won't tell you - TucsonSentinel.com, Peter Bart: How Hollywood Learned That Mixing Politics And Art Can Turn Big Ideas Into B-Pictures - Deadline, The saga of the doctor versus the denier continues - Antelope Valley Press, Making it on your own in pandemic | Opinion - News-Press Now, Every generation gets 'The Baby-Sitters Club' it deserves - SFGate, How Amber Heard went from a small town in Texas to centre stage in Hollywood's most explosive trial yet - Evening Standard, Big problems with the Paycheck Protection Program? PPP Loan Recipient List By State Mississippi 138,392 TOTAL PPP LOANS $5.4B TOTAL LOAN AMOUNT $39,226 AVERAGE PPP LOAN 5 AVG COMPANY SIZE Mississippi has a total of 138,392 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. More than 45,000 loans worth nearly $3.2 billion were approved in Mississippi by the Small Business Administration, according to Mississippi Bankers Association. Restaurant chains like P.F. St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. $350K - $1M: 1,107 Recipients. Each small business was supposed to receive a $2,000 check. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. No city is better suited to serve as a hub for innovation and growth than Gulfport, Mayor Hewes writes. In addition, the data provides information regarding the sizes of participating lenders and participation by community development financial institutions, minority depository institutions, Farm Credit System institutions, fintechs and other nonbanks, and other types of lenders. More than $4 billion in loans have now made its way to Mississippi after Congress approved another round of federal support for businesses earlier this year. John Farrell, a Republican donor and real estate developer also received a PPP loan. Designed to cover expenses such as payroll and rent, the loans do not have to be paid back if at least 60 percent of the money is spent keeping or rehiring workers. More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. The Clarion Ledger reached out to several companies that received at least $5 million through the program. The SBA released other details about the program Monday, including: The PPP's goal is to offer forgivable loans to smaller businesses, helping them to stay afloat and employees to maintain their jobs as the coronavirus puts the U.S. economy on hold. Jared Kushner's parents' family foundation supports the school, NBC News reported. The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). In Mississippi, nearly all 96% of loans were directed towards payrolls. - The Bulwark, Boris Johnsons Covid bravado insults the NHS and the public - The Guardian, Science Fiction in a Time of Crisis - Filmmaker Magazine, The criticism facing Rishi Sunak has nothing to do with race, and all to do with greed - iNews, Zack Snyder's Star Wars-Themed Movie Recruits The Princess Bride Star - Giant Freakin Robot, Debate sparked after University of Bristol students try to 'cancel' controversial speaker - Bristol Live, Rishi Sunak is a terrible bloke, regardless of his wife's finances - JOE.co.uk, Understanding the Roots of the New Inflation: With Rob Tarr - New Ideal, First Wind Film Development To Adapt Rick Bleiweiss Blackstone Novel Pignon Scorbion And The Barbershop Detectives For TV - Deadline, 'My jagged path to cap and gown': Reflections from a 23-year-old expectant high school graduate - Kennebec Journal and Morning Sentinel, Don't Believe The Hype: The Left Wish They Ran Cancel Culture Like This - Above the Law, Who is John Malone, the 'Cable Cowboy' and GB News backer who could buy Channel 4? On July 6, 2020, the federal government released the names of 45,815 companies and organizations in Mississippi that received Paycheck Protection Program (PPP) loans, which were designed to keep the economy afloat during the coronavirus. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. The Treasury and SBA later reversed course, saying they woulddisclose names and other details about businesses that took PPP loans of $150,000 and above. The US government recently added a second round of $310 billion to PPP loan program. - Men's Health, Readers Are Debating Over These 7 Books And Whether They're Deadset Red Flags When Dating Men - Pedestrian TV, 21 Quotes That Transformed My Life and My Business - The Good Men Project, In Times of Crisis, Is Dystopian Media Dangerous or Inspirational? Reeves: Businesses with ties to Tate Reeves received loans. Search PPP Loan List in Mississippi Small Business Administration (SBA) released a list of all the businesses their loan amount with Bank and business details. - Study Breaks, Get Ready for a Week of Unhinged Attacks on Biden and Harris - The Bulwark. Central Mississippi Civic Improvement Association, Inc. Commercial and Institutional Building Construction, Seafood Product Preparation and Packaging, East Mississippi Electric Power Association. The overwhelming majority of owners who received PPP loans legitimately used the money to retain employees and stay operational. General Freight Trucking, Long-Distance, Truckload, Services for the Elderly and Persons with Disabilities, Other Grocery and Related Products Merchant Wholesalers, Offices of Real Estate Agents and Brokers, Cardiology Associates Of North Mississippi, All Other Miscellaneous Ambulatory Health Care Services. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. Grace Pateras and Joe Harrington contributed to this story. Niche movie theater chain Alamo Drafthouse received a loan of at least $5 million. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. Rep VickyHartzler, R-Mo., on Thursday disclosed that her family's businesses received nearly $480,000. Help keep the momentum going by rejoining our member community today. 2023 CNBC LLC. There were several errors in the database, so it's not clear whether all the companies listed received the funds. Credit: Eric J. Shelton/Mississippi Today, If you are an existing Print subscriber click. Joseph Kushner Hebrew Academy in New Jersey, which is named after Trump's son-in-law and advisor Jared Kushner's grandfather, got a loan in the range of $1 million to $2 million. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. They and many more companies ultimately returned the money after public outcry. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. $2M - $5M: 118 Recipients. Restaurant chains like P.F. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. Heatmap of PPP Loans by Zip Code in Mississippi, Number of Loans Issued by Date in Mississippi, Summary of PPP Loans by County in Mississippi, Top 25 Cities in Mississippi by Number of PPP Loans. Yet dozens of large national chains came away with millions in loans on behalf of their Mississippi locations; McDonalds, for instance, received $14.8 million to support 28 locations in the state, despite being a multinational corporation that made $4.7 billion in profit last year. Several law firms, including ones with ties to President Trump (Kasowitz, Benson & Torres) and former vice president Al Gore and film producer Harvey Weinstein (Boies Schiller Flexner) also received PPP loans. In 2019, Alex was a grantee through the Pulitzer Centers Connected Coastlines program, which supported his coverage around the impact of climate change on Mississippi fisheries. - Daily Herald, The Strange and Terrifying Ideas of Neoreactionaries Current Affairs - Current Affairs, Martin Scorsese, Objectivism, Relativism, and How We Read Cinema - No Film School, Ayn Rand, Objectivists, and COVID - Science Based Medicine, Ayn Rand vs. U.S. Imports and Bills of Lading for Franklin Corporation, U.S. Imports and Bills of Lading for Jindal Tubular USA LLC, U.S. Imports and Bills of Lading for Behold Washington, LLC, U.S. Imports and Bills of Lading for Corinthian Inc. U.S. Imports and Bills of Lading for Van Zyverden Inc. Power and Communication Line and Related Structures Construction, Professional, Scientific, and Technical Services, Household Furniture (except Wood and Metal) Manufacturing, Offices of Physicians (except Mental Health Specialists), Iron and Steel Pipe and Tube Manufacturing from Purchased Steel, Upholstered Household Furniture Manufacturing, Other Heavy and Civil Engineering Construction, Oil and Gas Pipeline and Related Structures Construction, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Other Services (except Public Administration), The First, A National Banking Association, Southern Electric Corporation Of Mississippi, Administrative and Support and Waste Management and Remediation Services, Prefabricated Metal Building and Component Manufacturing. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. At least eight country clubs, such as the Diamondhead Country Club and Jackson Country Club, got approved for PPP money. In fact, McDonalds, Sonic, Applebees and General Motors each received more in loans for their Mississippi locations than any of the states non-franchise businesses. The Trump administration on Monday disclosed the names of many small businesses which received loans under a program intended to blunt the economic damage from the coronavirus pandemic. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. Borrowers are eligible for full forgiveness as long as they maintain the same level of employment and compensation for a certain period and spend most of the loan on their payroll. The law firm said in a statement that all of its employees across 12 states kept their jobs with no pay cuts. The federal government hassentmore than $3 billion in small business loans to Mississippi businesses and nonprofits, savinghundreds of thousands of jobs in recent months, new data shows. At least a dozen prominent investment firms obtained hundreds of thousands of dollars in assistance each, with at least two saying the money would help retain zero jobs. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Separately, Mississippi is in the process of distributing grants to many small businesses using federal funds it received for virus relief. Paycheck Protection Program (PPP) loans have aided more than 5.2 million small business owners, providing a much-needed lifeline during the Coronavirus outbreak crisis. The Ayn Rand Institute received a loan and defended it on Twitter. Our stories may appear on pages with ads, but not ads specifically sold against our stories. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Help us crowdsource fraud detection in the PPP program! The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. In Mississippi, nearly all 96% of loans were directed towards payrolls. In 2019, Alex was a grantee through the Pulitzer Centers Connected Coastlines program, which supported his coverage around the impact of climate change on Mississippi fisheries. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. This company embraced the coronavirus economy and now it is hiring workers. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. The US government recently added a second round of $310 billion to PPP loan program. Democrats have sought assurances that programs established to help Main Street sufficiently reach those who most need it. Gov. Graphics by CNBC's John Schoen. By joining our newsletter, you are confirming that you agree with the Privacy Policy, Frank Corder is a native of Pascagoula. - two free years of archived e-Editions Trump on Saturday signed the extension into law. All rights reserved. The US government recently added a second round of $310 billion to PPP loan program. A searchable database of federal 2020 Paycheck Protection Program loans. Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. This disclosure covers each of the 4.9 million PPP loans that have been made. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. According to DOR spokesman Jacob Manley, the agency has sent out checks to 11,905 businesses for a total of $23.6 million, which isabout a third of what the program was supposed to distribute. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. SBA and Treasury to release names of largest PPP loan recipients. Contact Giacomo "Jack" Bologna at 601-961-7282 or gbologna@gannett.com. The program has about $132 billion in funding remaining. Most businesses applying for loans also did not disclose the gender of their ownership. Mississippi PPP Funded Companies This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. Many colleges have taken a financial hit after refunding students for room, board and other fees that come with attending class in-person. More than 40% of Black small business owners wereforced to close shop as result of the pandemic. PPP loans helped businesses retain nearly 48,000 employees in our state. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. The Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. Most of those that answered were white and male-owned, shown below: Use the tables below for full lists of Mississippis PPP recipients, by business and industry. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. Seventeen Mississippi businesses received between $5 million and $10 million, the top loan amount, with about 120 more receiving between $2 million and $5 million. Trusted Partners Your Business? Just look at shares of one of the largest office REITs, whenheoriginallyimplied that theTrump administration would not disclose the names of participants, tried to take the restaurant chain public, More than $30 billion in loans were returned overall, forced to close shop as result of the pandemic. - the ability to be paid for posting Your California Privacy Rights / Privacy Policy. More than 50 individual churches received $150,000 or more. Southern States Utility Trailer Sales Inc. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. Tate Reeves also got PPP money. Get this delivered to your inbox, and more info about our products and services. - Vox.com, Conservative Theologically, but Liberal Politically | Gene Veith - Patheos, Who is Jonathan Swan, the reporter who grilled Trump? Secret IRS data shows it's paying off - Salon, Heres hoping this USC/UCLA-Big Ten merger careens off the track, crashes and burns | Jones - PennLive, LETTER: Thank cadre deployment and BEE for the mess - BusinessLIVE, Why The Racist Left Smears Clarence Thomas As An 'Angry Black Man' - The Federalist, This Is the Most Important Decision You Can Make To Increase Sales Right Now! The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. Several law firms, including ones with ties to President Trump (Kasowitz, Benson & Torres) and former vice president Al Gore and film producer Harvey Weinstein (Boies Schiller Flexner) also received PPP loans. All rights reserved. - Houston Chronicle, The Simpsons' Playdate With Destiny Short Was A Product Of Serendipity - /Film, Filthy Animals Pries Open The Violent, Animalistic Notions In Human Relationships - Gaysi, How Isabel Paterson Helped Ayn Rand Find Atlantis - The Objective Standard, Where Is 'The Anarchists' Star Jason Henza Today? Browse & Search CARES Act PPP Recipients by Company names The following data was provided by the SBA & US Treasury Department showing a breakdown of all the name of companies who received PPP loans over $150,000. Who in Mississippi got Paycheck Protection Program loans during the pandemic? This year alone, nearly a hundred thousand Mississippians received $2.3 billion in PPP loans from the CARES Act, which provided much-needed financial assistance to business owners. According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs. If you are an existing Print subscriber click HERE for your login info. - and much more! Founded in 2016 as the states first nonprofit, nonpartisan newsroom, Mississippi Todays roots in Capitol coverage have grown to encompass a myriad of beats beyond politics and policy, including education, public health, justice, environment, equity, and, yes, sports. Clear, with a low around 41. The law firm where House Speaker Philip Gunn works, Wells Marble & Hurst, received between $350,000 and $1 million. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. by Alex Rozier, Mississippi Today July 7, 2020, This and is republished here under a Creative Commons license.. - Newsweek, Objectivism Q&A with Ben Bayer and Dan Schwartz - New Ideal, Book Banning Is Wrong Unless It Gets Me Out of Helping My Kid With His Homework - The Hard Times, THE TEACHER'S DESK: Breaking the Rules | Opinion | thetimestribune.com - Times Tribune of Corbin, If Big Ten didnt just add lucrative programs like USC but trimmed stragglers, whod get the boot? The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. On average, businesses in the state received about $7,000 per employee. ben suarez bread / joseph wiley kim burrell / list of ppp loan recipients by name california. We want to hear from you. The association said the "vast majority" of the loans originated at banks headquartered in the state. The program was initially rolled out in April, offering $349 billion to small businesses. Mississippi businesses that applied for and received a loan as part of a national effort to save small companies during the coronavirus pandemic is now public information. - Fillmore County Journal, Why Are Members of Congress Allowed to Trade Stocks? Todays release of loan data strikes the appropriate balance of providing the American people with transparency, while protecting sensitive payroll and personal income information of small businesses, sole proprietors, and independent contractors., The PPP is an indisputable success for small businesses, especially to the communities in which these employers serve as the main job creators, said Administrator Jovita Carranza. Manley said that business owners who did not receive a check, but felt they qualified should email covid19relief@dor.ms.gov with their business name, account number and the reason they believe their business met the criteria for the $2,000 check. The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. If you don't receive emergency government funding, it's suggested for small businesses to seek funding through tax relief, private companies, local governments, and organizations offering small business grants. The Skip team has been one of the top resources in the US for SBA-related funding and other private funding options since 2020. a proud member of the Internationally, South Korean airline Korean Air received a PPP loan. - Federal Regulations Advisor, The Daily Cartoon and Live Briefing: Monday, May 9, 2022 - FlaglerLive.com, Victory at San Jacinto liberated the individual | Opinion | jacksonvilleprogress.com - Jacksonville Daily Progress, RUSH's GEDDY LEE Says NEIL PEART 'Didn't Want Anyone To Know' About His Illness: 'He Wanted To Keep It In The House' - BLABBERMOUTH.NET, The Alternative Meat Industry Wants Solar Power Style Mandates And Subsidies - Science 2.0, diSConnected: Is Ayn Rand or Mother Teresa better for protecting South Carolinians with disabilities? We believe that an informed Mississippi is a better Mississippi. Meanwhile, 78 white business owners received loans for at least $1 million. The jobs numbers released last week reinforced that PPP is working by keeping employees on payroll and sustaining millions of small businesses through this time.. How's the return to office going? The online vehicle marketplace company quadrupled its sales in just one year after beginning operation in January 2021. Got a confidential news tip? $1M - $2M: 291 Recipients. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. This disclosure covers each of the 4.9 million PPP loans that have been made. Mississippi has a total of 138,392 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. All rights reserved. About 87% of the loans were for less than $150,000, according . The PPP loans are designed to keep people on the job, and can be forgiven if the funds are used on payroll and similar expenses. Politically, according to the Washington Post, companies with connections to a handful of federal lawmakers, like Foremost Maritime, which is a shipping business controlled by the family of Transportation Secretary Elaine Chao, have received PPP loans. Of the money, $240 was designated for a small business grant program, called Back to Business Mississippi, and businesses impacted by COVID-19 are eligible for up to $25,000 of grant money to cover certain expenses. to see all of their content. The PPP Loan Fraud List - PPP Fraud | Who got a PPP LOAN 2021 P Mathis The Accountant 4.83K subscribers Subscribe 2.1K Share 113K views Streamed 1 year ago Are you considering applying for. Both businesses were approved to receive between $150,000 and $350,000 each. a proud member of the So here are the links and resources I mentioned. It further contains data showing the reach of the program in underserved communities, rural communities, historically underutilized business zones (HUBZones), and participation by religious, grantmaking, civil, professional, and other similar organizations. Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. It lowered the share of the loan that a company must spend on payroll and gave them a longer period of time to use the money. At least 20 Mississippi hospitals received PPP money, with numerous dentists' and doctors' offices also getting the loans. 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