We believe that an informed Mississippi is a better Mississippi. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Internationally, South Korean airline Korean Air received a PPP loan. Classical Economists - The Objective Standard, Opinion | Demolishing the Demonic Plans of Our Enemy, and Can We Get An Amen - Common Dreams, Ayn Rand's We the Living: Back on the Silver Screenand Better Than Ever - The Objective Standard, Congress revival: Time to break free of family - The Hans India, The Financial Dark Ages Are Ending Thanks To Bitcoin - Bitcoin Magazine, Marital rape: How understanding context rather than just focusing on consent will help resolve the issue - Firstpost, Deadly Class Season 2: Is a Release Date or Rumor in the Offing on Netflix? 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. Dozens of private and charter schools got aid. Southern States Utility Trailer Sales Inc. By clicking submit, you agree to share your email address with Mississippi Today. 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. Data on who got them was recently released after pressure from news organizations and lawmakers. On average, businesses in the state received about $7,000 per employee. 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. Trump on Saturday signed the extension into law. Mississippi TUPELO 169 PPP loans (>$150k) have been issued in the city of TUPELO, MS. All publically available loans are listed here in order of business name. Loan Range No. To learn more about our cartoon syndication services. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. 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.. 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. In Mississippi, nearly all 96% of loans were directed towards payrolls. Tate Reeves also got PPP money. Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? A searchable database of federal 2020 Paycheck Protection Program loans. 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. A former Mississippi prison guard has been sentenced to three years of probation for COVID relief fraud. According to state filings, the company is now run by the son of Michael Retzer, who previously served as chairman of the Mississippi Republican Party, treasurer of the Republican National Committee and U.S. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding.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. By joining our newsletter, you are confirming that you agree with the Privacy Policy, Frank Corder is a native of Pascagoula. Applicants in California received the most money overall with $68.2 billion, followed by Texas at $41.1 billion and New York at $38.3 billion. - UnHerd, Advice: Im a woman of color often overlooked at work until people realize I outrank them - The Boston Globe, Ayn Rand | Biography, Books, & Facts | Britannica, Gen Z is looking for meaning this holiday season, but maybe not where we expect - Religion News Service, Cryptocurrency and the Shocking Revelation That White Supremacists Like Money - tntribune.com, Seahawks vs Texans Week 14 Picks and Predictions: Learning To Fly Again - Covers, Forza Horizon 5s amazing intro shows why its a huge hit on Game Pass - Polygon, Celeb Shelf: Instead of scrolling through my phone I read a book, shares actor-turned-author Jugal Hansraj - Free Press Journal. Dig Deeper: See the full searchable list of who received Mississippi PPP loans. The US government recently added a second round of $310 billion to PPP loan program. You gain access to: Included in the data were car dealerships, nonprofit organizations, churches, oil and gas industry support companies, medical practices, zoos, law firms, and colleges. following organizations: Whoops! Restaurant chains like P.F. The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. 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. Wall Street investment groups, including Semper Capital Management LP and Domini Impact Investments LLC, which manage billions of dollars, also received PPP loans according to Reuters. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. ben suarez bread / joseph wiley kim burrell / list of ppp loan recipients by name california. With your help, we've gotten a lot done but we're not finished yet! Most businesses applying for loans also did not disclose the gender of their ownership. - two free years of archived e-Editions Clear, with a low around 41. The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. Aaron E. Henry Community Health Services Center, Inc. Administration of Urban Planning and Community and Rural Development, Iron and Steel Mills and Ferroalloy Manufacturing, Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing, Automotive Body, Paint, and Interior Repair and Maintenance, Asphalt Paving Mixture and Block Manufacturing, Wine and Distilled Alcoholic Beverage Merchant Wholesalers, Administrative Management and General Management Consulting Services, Manufactured Home (Mobile Home) Manufacturing, Promoters of Performing Arts, Sports, and Similar Events without Facilities, Oil and Gas Field Machinery and Equipment Manufacturing, Other Support Activities for Air Transportation, Cowboy Maloney Appliance, Audio, VIdeo Centers, Inc. Wochit. SBA and Treasury to release names of largest PPP loan recipients. Help keep the momentum going by rejoining our member community today. The Small Business Administration released a list of the businesses borrowing between $150,000 and $10 million under the loan program after members of Congress and media organizations pressured. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. The U.S. Treasury Department released the names of 650,000 businesses that received loans of $150,000 or more on Monday as part of the Paycheck Protection Program (PPP) designed to help small businesses, including nearly 4,000 in Mississippi. About 87% of the loans were for less than $150,000, according to the SBA. The loans have reached diverse communities proportionally, across all income levels and demographics. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. It has approved 4.9 million loans for a total of more than $521 billion. All rights reserved. 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. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. With your help, we've gotten a lot done but we're not finished yet! Of the Mississippi businesses that did answer, 75 percent were male, and 83 percent were white. Please reload the page and try again. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. There was an error and we couldn't process your subscription. Millsaps, Tougaloo and Rust colleges each receivedbetween $2 million and $5 million. The law firm Boies Schiller Flexner, whose chairman David Boies has represented powerful clients such as former Vice President Al Gore in the Bush v. Gore Supreme Court case, received between $5 million and $10 million. More than 40% of Black small business owners wereforced to close shop as result of the pandemic. To learn more about our cartoon syndication services. Other loans went topolitically connected law firms such as Butler Snow, religious organizations including the state's Catholic dioceses, and private schools such as Jackson Prep. You have to credit Mississippi Today. The U.S. Treasury Department released the names of 650,000 businesses that received loans of $150,000 or more on Monday as part of the Paycheck Protection Program (PPP) designed to help small businesses, including nearly 4,000 in Mississippi. 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. 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. We are particularly pleased that 27% of the programs reach in low and moderate income communities which is in proportion to percentage of population in these areas. 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. 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). $350K - $1M: 1,107 Recipients. And what do kangaroos have to do with it? The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. We're dedicated to keeping Mississippians informed with our thorough reporting. Internationally, South Korean airline Korean Air received a PPP loan. The law firm where House Speaker Philip Gunn works, Wells Marble & Hurst, received between $350,000 and $1 million. Staff Report Published 6:37 p.m. CT July 8, 2020, If you are a small business owner and have not yet applied for a Paycheck Protection Program (PPP) loan yetAccording to Business Insider, you may be out of luck and too late to receive funding. Got a confidential news tip? Searchable PPP Loans - Businesses with PPP Loan 2021 Small Business Administration (SBA) released a list of all the businesses their loan amount with Bank and business details. For a full breakdown of which businesses received loans of $150,000 or more, see the tables below: !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}}))}(); Disclosure: Mississippi Today sought a Paycheck Protection Program loan, which has been approved and disbursed. Restaurant chains like P.F. The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. This company embraced the coronavirus economy and now it is hiring workers. The bill Congress passed to replenish the program in April included $60 billion specifically for small lenders in response to concerns about businesses without a traditional banking relationship accessing loans. The biggest loans went toconstruction contractors such as F.L. In total, Mississippi businesses received between $2.5 billion and $4.4 billion in loans, spread across 45,000 recipients loans of $150,000 or larger are only disclosed in ranges. The disclosure comes amid demands from Democrats for more transparency around the funds established as part of the $2 trillion CARES Act signed into law this spring. Ambassador to Tanzania. You can search the SBA's entire PPP loan data below. Below is a chart of the types of businesses receiving the most money in Mississippi: var divElement = document.getElementById('viz1594145011552'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='800px';vizElement.style.height='627px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='800px';vizElement.style.height='627px';} else { vizElement.style.width='100%';vizElement.style.height='727px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); Some Mississippi borrowers receiving between $5-$10 million in those categories include GI Associates, a gastroenterology group in Flowood, Ridgeland-based law firm Butler Snow, and two restaurant companies, Mid River Restaurants in Natchez and The Retzer Group in Greenville. 2023 Magnolia Tribune. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. | Jones - PennLive, A high point of our time in southern Alberta, Canada - Patheos, 4 Pillars of The Illusion | C. Don Jones - Patheos, The Philosophic Case for the Absolute Right to Abortion - New Ideal, R2AK: Will monohulls sweep the podium? 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. The Retzer Group, which operates McDonald's franchises, got at least $5 in PPP money. If you do not have an existing account, you can also easily use an existing Google, Facebook or Apple account. Religious organizations such as the Catholic dioceses of Biloxi and Jackson, the Episcopal Diocese of Mississippi,and the Mississippi Conference of the United Methodist Churchreceived hundreds of thousands of dollars. The US government recently added a second round of $310 billion to PPP loan program. Help keep the momentum going by rejoining our member community today. The Archdiocese of New York got a loan valued at between $5 million and $10 million, while the Catholic Charities of the Archdioceses of San Francisco, Washington, D.C., New Orleans and Boston, among others, all received assistance valued at more than $2 million. If youre not able to add the byline, please include a line at the top of the story that reads: This story was originally published by Mississippi Today and include our website, You cannot republish our editorial cartoons, photographs, illustrations or graphics without specific permission (contact our managing editor. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}}))}(); Disclosure: In 2020, Mississippi Today sought a Paycheck Protection Program loan, which was approved and disbursed. On average, businesses in the state received about $7,000 per employee. The Land Title Association of Mississippi is a professional association dedicated to creating an environment which enables its members to provide the public with the highest quality land title evidencing, title insurance and settlement services. According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs. 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. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. The Ayn Rand Institute received a loan and defended it on Twitter. Why PPP Loan Recipients in Mississippi Could Be at Risk Each small business was supposed to receive a $2,000 check. Northeast wind 0 to 5 mph. Lawmakers drew up a list of specific industries and estimated that there were about 30,000 small business within those industries. There was an error and we couldn't process your subscription. Wall Street investment groups, including Semper Capital Management LP and Domini Impact Investments LLC, which manage billions of dollars, also received PPP loans according to Reuters. U.S. Secretary of the Treasury Steven Mnuchin testifies with Jovita Carranza, Administrator U.S. Small Business Administration during the Senate Small Business and Entrepreneurship Hearings to examine implementation of Title I of the CARES Act on Capitol Hill on June 10, 2020 in Washington, DC. 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. PAW Patrol Wasn't Canceled. 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. Read or Share this story: https://www.clarionledger.com/story/business/2020/07/08/ms-ppp-loan-recipients-database-coronavirus-pandemic-search-full-list-businesses-covid-19/5402287002/, Mississippi PPP loan recipients: See the full searchable list of who received them - Hattiesburg American, https://www.clarionledger.com/story/business/2020/07/08/ms-ppp-loan-recipients-database-coronavirus-pandemic-search-full-list-businesses-covid-19/5402287002/, Ayn Rand - Books, Quotes & Philosophy - Biography, Top 10 Reasons Ayn Rand was Dead Wrong - CBS News, Lions Drinking With Jackals: Molly Tanzer's Grave-Worms - tor.com, Ken Griffin spent $54 million to fight tax hike on the rich. For the most part, Mississippis recipients were small individual businesses over 80% reported 10 or fewer employees, and only 1% were part of a franchise. $150K - $350K: 2,358 Recipients. Below is a list of South Mississippi business that received PPP loans . Businesses in economically distressed areas as designated by the SBA got nearly 23% of the loan money, while companies in rural areas received about 15% of the funds. Right place at the right time: freeports model gives fillip to St Helens regeneration scheme - The Guardian, Reflections from London on the queen's life and death - Baptist News Global, Editorial: NH voters, beware of radical threat on ballot - Valley News, 10 Wednesday AM Reads - The Big Picture - Barry Ritholtz, Opinion: Renewables are great and all, but who'll pay when they fail? - the ability to be paid for posting Assisted Living Facilities for the Elderly, Fabricated Structural Metal Manufacturing, Plumbing, Heating, and Air-Conditioning Contractors, Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Yalobusha General Hospital And Nursing Home, Electrical Contractors and Other Wiring Installation Contractors. The disclosure comes amid demands from Democrats for more transparency around the Paycheck Protection Program, or PPP, funds established as part of the $2 trillion CARES Act, which President Donald Trump signed this spring. 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. 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. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email a link to a friend (Opens in new window). Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. 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. Restaurant chains P.F. Yet that rate varies greatly; J&W Transport LLC, a trucking company in Jackson, received a loan of over $260,000 to pay one employee. So did theLos Angeles Lakers. All rights reserved. Some members of the land title industry were among the recipients, as there were at least 5 loans to title companies (closing offices) in the $150,000 to $350,000 bracket. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. Republish our articles for free, online or in print, under a Creative Commons license. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. Several other companies, shown below, received enough in loans to pay each employee over six figures. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email a link to a friend (Opens in new window), Legislatures top leaders test positive for coronavirus, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. a proud member of the John Farrell, a Republican donor and real estate developer also received a PPP loan. 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. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. Yet franchisees in Mississippi from dozens of large national chains came away with millions in loans; 28 of McDonalds locations in Mississippi, for instance, received a combined $14.8 million, despite the chain being a multinational corporation that made $4.7 billion in profit last year. "This money helped us bridge a gap to keep people gainfully employed," the statement said. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. This disclosure covers each of the 4.9 million PPP loans that have been made. The association said the "vast majority" of the loans originated at banks headquartered in the state. Yet that rate varies greatly; J&W Transport LLC, a trucking company in Jackson, received a loan of over $260,000 to pay one employee. Contact Giacomo "Jack" Bologna at 601-961-7282 or gbologna@gannett.com. The vast majority of those companies taking part in the program some 38,035 organizations received PPP loans less than $150,000. Data is a real-time snapshot *Data is delayed at least 15 minutes. Who will win? 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. For PPP Loans under $150,000 in Mississippi click here. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. Restaurant chains like P.F. Who in Mississippi got Paycheck Protection Program loans during the pandemic? The Clarion Ledger reached out to several companies that received at least $5 million through the program. Numerous news organizations received PPP loans: Forbes Media got at least $5 million; The Washington Times got at least $1 million; The Washingtonian got at least $350,000; The Daily Caller received at least $350,000 and The Daily Caller News Foundation got at least $150,000; The American Prospect received at least $150,000. We're dedicated to keeping Mississippians informed with our thorough reporting. The Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. At least eight country clubs, such as the Diamondhead Country Club and Jackson Country Club, got approved for PPP money. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. 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. Some firms said they didn't receive or apply for the money they're listed as getting. 2023 www.clarionledger.com. After those funds quickly ran out, the government replenished the program with an additional $310 billion. As was the case after the first round of the Paycheck Protection Program last summer, the state's top recipients so far include restaurants, doctors' and dentists' offices, legal practices, construction companies, car dealers, hotels and religious organizations. About 87% of the loans were for less than $150,000, according . Many colleges have taken a financial hit after refunding students for room, board and other fees that come with attending class in-person. - TheArticle, Is Ethereum left and Bitcoin right? Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. 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. The spectrum of businesses receiving PPP loans crossed . All rights reserved. Please reload the page and try again. President Donald Trump signed the federal CARES Act into law in late March, sending states billions of dollars to help people impacted by the coronavirus. In Mississippi, nearly all 96% of loans were directed towards payrolls. Under the law, Mississippi received $1.25 billion. 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. PPP Loans List. [The full list is available on the Small Business Administration website, which you can access here.]. Todays release includes loan-level data, including business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, name of lender, jobs supported, and loan amount ranges as follows: These categories account for nearly 75 percent of the loan dollars approved. Meanwhile, 78 white business owners received loans for at least $1 million. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. Other major law firms, such asForman Watkins & Krutz, Watkins & Eager,Brunini Grantham Grower & Hewes, and Schwartz and Associates, got millions of dollars through PPP. We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. Your California Privacy Rights / Privacy Policy. All Data Obtained From the SBA. Bienville Orthopaedic Specialists, L.L.C. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. The average amount was about $69,000, the lowest in the country. Narrow the list by typing in a business or city name.