mississippi ppp loan recipients list

Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. $150K - $350K: 2,358 Recipients. Wochit. In Mississippi, nearly all 96% of loans were directed towards payrolls. The Retzer Group, which operates McDonald's franchises, got at least $5 in PPP money. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. Central Mississippi Civic Improvement Association, Inc. Commercial and Institutional Building Construction, Seafood Product Preparation and Packaging, East Mississippi Electric Power Association. The woman submitted two fraudulent PPP loan applications, and was sentenced to three years of probation and ordered to pay full restitution of the fraudulently obtained 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. Narrow the list by typing in a business or city name. to see all of their content. 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? 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. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. On average, businesses in the state received about $7,000 per employee. 2023 Magnolia Tribune. 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 law firm where House Speaker Philip Gunn works, Wells Marble & Hurst, received between $350,000 and $1 million. John Farrell, a Republican donor and real estate developer also received a PPP loan. Mississippi Today published info on many of the businesses receiving money last summer, but the Small Business Administration has since made public more information on PPP recipients following a lawsuit from the Washington Post and other outlets. $1M - $2M: 291 Recipients. 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. Butler Snow, among the state's most powerful law firms, was able to retain 486 jobs thanks to the $5-10 million it received, according to PPP data. The program has about $132 billion in funding remaining. Grace Pateras and Joe Harrington contributed to this story. Contact Giacomo "Jack" Bologna at 601-961-7282 or gbologna@gannett.com. More than 40% of Black small business owners wereforced to close shop as result of the pandemic. The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. Northeast wind 0 to 5 mph. 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. 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. Please reload the page and try again. In fact, the franchise locations combined for each of McDonalds, Sonic, Applebees and General Motors received more in loans than any of the states non-franchise businesses. Here's What's Wrong With Ayn Rand's Philosophy - The Paul and Romney embarrass themselves by lashing out at trans athletes - Outsports, The rise and fall of Netflix - Spectator.co.uk, Wonder Woman 1984: Who plays the 'other' Steve Trevor? We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. Mississippi companies reported the aid will help them retain about 412,000 jobs about one-third of the state's total workforce. MDA Spokeswoman Melissa Scallan said MDA is currently reviewing applications and could be issuing checks as early as this week or next week. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. Under the law, Mississippi received $1.25 billion. 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. Your California Privacy Rights / Privacy Policy. At least two casino companies and a pair of yacht clubs on the Coast received funds as well. a proud member of the Businesses linked to Gov. The Skip team has been one of the top resources in the US for SBA-related funding and other private funding options since 2020. All rights reserved. - two free years of archived e-Editions Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. Got a confidential news tip? In Mississippi, nearly all 96% of loans were directed towards payrolls. Almost all of that money has yet to be distributed. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. to view this author's last article or A searchable database of federal 2020 Paycheck Protection Program loans. 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. here 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. This disclosure covers each of the 4.9 million PPP loans that have been made. Restaurant chains like P.F. 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. 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. Get this delivered to your inbox, and more info about our products and services. 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. - Science Based Medicine, O'Donnell: Will the NBA's new red-light camera calls ruin The Finals for ABC/ESPN? We prefer Author Name, Mississippi Today in the byline. More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. 177878 177879 PPP Loan Search MS Both businesses were approved to receive between $150,000 and $350,000 each. The association said the "vast majority" of the loans originated at banks headquartered in the state. Wochit. following organizations: Whoops! Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. By clicking submit, you agree to share your email address with Mississippi Today. The data only identifies companies with loans worth more than $150,000. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Revealed: How U.S. Gov't & Hollywood Secretly Worked Together to Justify Atomic Bombings of Japan - Democracy Now! 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. Does something look fishy to you? - The Bulwark, Members Outspoken on The Left's Priorities - AMAC - The Association of Mature American Citizens - AMAC, diSConnected: Is Ayn Rand or Mother Teresa better for protecting South Carolinians with disabilities? 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. 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. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. About 87% of the loans were for less than $150,000, according to the SBA. 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. According to Business Insider, you may be out of luck and too late to receive funding. 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. 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. The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. 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. - The Week, Daily Reformer: Hagehan The First Couple Of Minnesota Politics - Patch.com. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. The program was initially rolled out in April, offering $349 billion to small businesses. 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. PPP Small Business Relief Will Likely Not Help All. The online vehicle marketplace company quadrupled its sales in just one year after beginning operation in January 2021. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. 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. Any web site our stories appear on must include a contact for your organization. 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. We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. The vast majority of those companies taking part in the program some 38,035 organizations received PPP loans less than $150,000. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. 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. 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. The Ayn Rand Institute received a loan and defended it on Twitter. Southern States Utility Trailer Sales Inc. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. We do not sell or share your information with anyone. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Dozens of private and charter schools got aid. All rights reserved. Businesses in California ,Texas and New York that received loans reported having about 4.1 million, 2.7 million and 2 million total employees, respectively. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. Look for the "Republish This Story" button underneath each story. 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. PAW Patrol Wasn't Canceled. Other major law firms, such asForman Watkins & Krutz, Watkins & Eager,Brunini Grantham Grower & Hewes, and Schwartz and Associates, got millions of dollars through PPP. 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. - 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? 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 published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. Data is a real-time snapshot *Data is delayed at least 15 minutes. Ruth's Hospitality Group, which owns the Ruth's Chris Steak House chain, AutoNationand ShakeShack are among those that took out PPP loans. - TheArticle, Is Ethereum left and Bitcoin right? The law firm said in a statement that all of its employees across 12 states kept their jobs with no pay cuts. Crane & Sons, as well as furniture manufacturers like Max Home, in Fulton. The spectrum of businesses receiving PPP loans crossed . 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. Any amount helps us keep producing quality journalism for Mississippi. If you share our stories on social media, please tag us in your posts using. About 87% of the loans were for less than $150,000, according . - Gold Derby, Books review: What to read in October - Reader's Digest, Democrats dig the graves of freedom and prosperity - Washington Times, Baseball and Yom Kippur: Is there a Koufax curse? More than 45,000 loans worth nearly $3.2 billion were approved in Mississippi by the Small Business Administration, according to Mississippi Bankers Association. Neel-Schaffer, an engineering and construction management firm based in Jackson, said in a statement that the company was grateful for the help, which allowed it to keep 354 jobs, according to PPP data. After those funds quickly ran out, the government replenished the program with an additional $310 billion. Bienville Orthopaedic Specialists, L.L.C. Restaurant chains P.F. 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. examining federal efforts to prevent, detect, and prosecute pandemic relief fraud to safeguard funds for all eligible americans 117th congress (2021-2022) Chang's China Bistro and Chop't received aid of between $5 million and $10 million. To learn more about our cartoon syndication services. On average, businesses in the state received about $7,000 per employee. "We made a commitment to our employees at the outset of this crisis that we would take every action available to us to keep everyone healthy, paid, working and productive," the statement said. 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. Who in Mississippi got Paycheck Protection Program loans during the pandemic? 2023 CNBC LLC. 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. At least 20 Mississippi hospitals received PPP money, with numerous dentists' and doctors' offices also getting the loans. Restaurant chains like P.F. 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.. The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' This company embraced the coronavirus economy and now it is hiring workers. Who will win? Companies applying had to show that "economic uncertainty makes this loan request necessary to support the ongoing operations" of the company, as well as an inability "to access other sources of liquidity, according to the SBA. 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. 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. Religious groups in the state received between $53 and $80 million, spread across 80 different organizations. - South Carolina Public Radio, Boris Johnsons Covid bravado insults the NHS and the public - The Guardian, The criticism facing Rishi Sunak has nothing to do with race, and all to do with greed - iNews, Aaron Rodgers Loves Ayn Rand's Atlas Shrugged and We're Not Shocked - Esquire, Boris Johnson and the woeful and costly Tory war on woke - The Japan Times, Has the Great Barrington Declaration been vindicated? The largest loans were only recorded in the data as ranges. Find Latest SBA PPP Loan Details Search by Business name, city, state, loan amount etc Search Loan Details 1 2 3 4 5 6 7 8 9 10 . The case was brought in Foley Square, New York and is pending. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. Please reload the page and try again. following organizations: Whoops! Grace Pateras and Joe Harrington contributed to this story. Look for the "Republish This Story" button underneath each story. Search MS Businesses Results @lukerehmann The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. Millsaps, Tougaloo and Rust colleges each receivedbetween $2 million and $5 million. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. The Ayn Rand Institute received a loan and defended it on Twitter. You have to credit Mississippi Today. In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. Frank has served his community in both elected and appointed public office, hosted his own local radio and television programs, and managed private businesses all while being an engaged husband and father. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. World-class Experience The Skip team prides itself on giving you the attention and assistance your small business deserves. 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. Release from the U.S. Department of Treasury. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. 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. They and many more companies ultimately returned the money after public outcry. Included in the data were car dealerships, nonprofit organizations, churches, oil and gas industry support companies, medical practices, zoos, law firms, and colleges. 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. Based on the data, between $2,511,750,192 and $4,436,550,192 have been loaned through the Payroll Protection Program to businesses in Mississippi. 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. Clarification: The story has been edited to clarify that franchisees of national chains applied and received PPP loans rather than the chains corporate bodies. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. And more than 1,000 recipients apparently did not answer the question about saving jobs at all, according to the data. !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. Rep VickyHartzler, R-Mo., on Thursday disclosed that her family's businesses received nearly $480,000. Time will tell, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. Franks interviews, articles, and columns have been shared throughout Mississippi as well as in national publications such as the Daily Caller. The Ayn Rand Institute received a loan and defended it on Twitter. But about 3,500 Mississippi businesses that received PPP loans said they would retain zero jobs with the money. 2023 www.clarionledger.com. 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. 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. 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. Trump on Saturday signed the extension into law. Rich Smith 31.3K subscribers Subscribe 110K views 1 year ago Here's a breakdown of the PPP Loan Fraud List and who got a PPP Loan. Below is a list of South Mississippi business that received PPP loans . Narrow the list by typing in a business or city name. - Fillmore County Journal, Why Are Members of Congress Allowed to Trade Stocks? A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. 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. 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. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. Gov. As was the case after the first round of the Paycheck Protection Program last summer, the states top recipients so far include restaurants, doctors and dentists offices, legal practices, construction companies, car dealers, hotels and religious organizations. Email Frank: frank@magnoliatribune.com. So did theLos Angeles Lakers. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. Why PPP Loan Recipients in Mississippi Could Be at Risk As was the case after the first round of the Paycheck Protection Program last summer, the states top recipients so far include restaurants, doctors and dentists offices, legal practices, construction companies, car dealers, hotels and religious organizations. Trusted Partners Your Business? Our stories may appear on pages with ads, but not ads specifically sold against our stories. Chao is the wife of Senate Majority Leader Mitch McConnell, R-Ky. Perdue Inc., a trucking company co-founded by Agriculture Secretary Sonny Perdue, was approved for $150,000 to $350,000 in loan money. Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. 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. All rights reserved. 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 Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. How's the return to office going? Our SBA database unveils list of 6.6M recipients Enlarge The SBA PPP loan recipient list includes more than 11.7 million loans made in the nearly $800 billion Covid-19 relief program. by Alex Rozier, Mississippi Today April 30, 2021, This and is republished here under a Creative Commons license..

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