mississippi ppp loan recipients list

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. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. 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. You can review the data set released by Treasury and SBAto learn more about Mississippi PPP recipients. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. According to Business Insider, you may be out of luck and too late to receive funding. - Fillmore County Journal, Why Are Members of Congress Allowed to Trade Stocks? $1M - $2M: 291 Recipients. here For PPP Loans under $150,000 in Mississippi click here. The Ayn Rand Institute, named for the objectivist writer cited as an influence on libertarian thought, was approved for $350,000 to $ 1 million. - two free years of archived e-Editions Below is a list of South Mississippi business that received PPP loans . Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. The loan amount is based on the number of employees and average payroll costs, and while at least 60% of the loan must be used for payroll, the other 40% can be used for interest on mortgages, rent and utilities. The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' We do not sell or share your information with anyone. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. A handful of Mississippi's private colleges also received assistance. 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. Niche movie theater chain Alamo Drafthouse received a loan of at least $5 million. Credit: Eric J. Shelton/Mississippi Today, If you are an existing Print subscriber click. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 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! In total, over 79,000 businesses in Mississippi have been approved for PPP loans. The biggest loans went toconstruction contractors such as F.L. 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. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. 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. 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. The Small Business Administration has released a list of businesses that have received emergency pandemic. ben suarez bread / joseph wiley kim burrell / list of ppp loan recipients by name california. 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. On average, businesses in the state received about $7,000 per employee. But of those that did, men-owned businesses receiving loans outnumbered women-owned firms by about three-to-one. Bienville Orthopaedic Specialists, L.L.C. Included in the data were car dealerships, nonprofit organizations, churches, oil and gas industry support companies, medical practices, zoos, law firms, and colleges. 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. 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. The vast majority of Mississippi loan recipients,more than 30,000,did not appear to provide information in their applications about race and ethnicity of ownership. 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. The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. - 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? Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. Other major law firms, such asForman Watkins & Krutz, Watkins & Eager,Brunini Grantham Grower & Hewes, and Schwartz and Associates, got millions of dollars through PPP. With your help, we've gotten a lot done but we're not finished yet! More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. 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. The fate of Amtraks Gulf Coast return rests with a federal board, They couldve picked Elijah Moore, but Saints drafted Payton Turner. Some firms said they didn't receive or apply for the money they're listed as getting. The Associated Press contributed to this report. Get Funding & Growth Help Get Started For Free Many colleges have taken a financial hit after refunding students for room, board and other fees that come with attending class in-person. It has approved 4.9 million loans for a total of more than $521 billion. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. Ruth's Hospitality Group, which owns the Ruth's Chris Steak House chain, AutoNationand ShakeShack are among those that took out PPP loans. 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. 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. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. Any web site our stories appear on must include a contact for your organization. In Mississippi, nearly all 96% of loans were directed towards payrolls. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. All Rights Reserved. PPP Small Business Relief Will Likely Not Help All. Wochit. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. World-class Experience The Skip team prides itself on giving you the attention and assistance your small business deserves. - The Atlantic, The Fountainhead Reading Group with Andrew Bernstein - The Objective Standard, Copyright 2000 to 2023 Prometheism Transhumanism Post Humanism. Look for the "Republish This Story" button underneath each story. The House of Representatives followed the Senate in passing a measure Wednesday to extend the program's application deadline from June 30 to Aug. 8. 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. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. 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. 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. Dig Deeper: See the full searchable list of who received Mississippi PPP loans. 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. According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs. We prefer Author Name, Mississippi Today in the byline. Most of those that answered were white and male-owned, shown below: Use the tables below for full lists of Misssissippi's PPP recipients, by business and industry: -- Article credit to Alex Rozier of Mississippi Today --. Those in excess of $150,000 break down as follows: The spectrum of businesses receiving PPP loans crossed practically every segment of the Mississippi economy. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. So here are the links and resources I mentioned. 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 U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. Our stories may appear on pages with ads, but not ads specifically sold against our stories. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. - 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? "The CARES Act was an umbrella act that distributed tons of money. Todays data shows that small businesses of all types and across all industries benefited from this unprecedented program. The SBA's list divides the PPP loan recipients . The released data also include information about smaller loan recipients, but excluded their names. See the full searchable list of who received Mississippi PPP loans, law firm where House Speaker Philip Gunn works, Businesses with ties to Tate Reeves received loans, Your California Privacy Rights/Privacy Policy. 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. The US government recently added a second round of $310 billion to PPP loan program. Search MS Businesses Results @lukerehmann - Forward, The limits of Justice Ketanji Brown Jacksons power - Fortune, Race Across The World and Louis Theroux Interviews among new BBC Factual and Arts slate - Royal Television Society |, Fool Britannia: sloppy Tory treatise a hint of horrible things to come - Crikey, Day one at the Tory conference: Industry cries out for stability but U-turns and uncertainty continue - Building. 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. St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. $2M - $5M: 118 Recipients. Northeast wind 0 to 5 mph. The program has about $132 billion in funding remaining. 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. The average amount was about $69,000, the lowest in the country. John Farrell, a Republican donor and real estate developer also received a PPP loan. - Looper, Soul Review: Life, and How to Live It - Rolling Stone, Defending Ayn Rand's Reputation in the Media - New Ideal, Letter: Only 'We' can save the world | Letters to the Editor - Daily Herald, Pandemic and the prisoner's dilemma - DTNext, From the Rubble of Atlases, a Colossus Will Rise - The New York Times, Trump's America Remains Stuck in the Shadow of Reagan - Boston Review, The Tories are divided between libertarians and authoritarians. 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. 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. "This money helped us bridge a gap to keep people gainfully employed," the statement said. The Ayn Rand Institute received a loan and defended it on Twitter. The Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? Otherwise, it carries a 1 percent interest rate and must be repaid within two years. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. But about 3,500 Mississippi businesses that received PPP loans said they would retain zero jobs with the money. Summary of PPP Loans in Mississippi. 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. Click 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. In Mississippi, nearly all 96% of loans were directed towards payrolls. 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. - Scuttlebutt Sailing News, Bill Maher Addressed an Eventful Political Week on Real Time - InsideHook, Letter: The rules of life are very simple - Detroit Lakes Tribune, The Banality of Putin and Xi | Yaron Brook and Elan Journo - IAI, American culture is destroying itself, and the planet, says leading activist Bill McKibben - Yahoo Philippines News, Is Discussing the Consequences of Anti-Vaccine Disinformation Fun? We prefer Author Name, Mississippi Today in the byline. The largest loans were only recorded in the data as ranges. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). 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. 2023 CNBC LLC. 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. The Ayn Rand Institute received a loan and defended it on Twitter. Treasury Secretary Steven Mnuchin sparked an outcry from Democratswhenheoriginallyimplied that theTrump administration would not disclose the names of participants. More than 40% of Black small business owners wereforced to close shop as result of the pandemic. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. PPP loans helped businesses retain nearly 48,000 employees in our state. - and much more! 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. The Retzer Group, which operates McDonald's franchises, got at least $5 in PPP money. 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. 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. Dozens of private and charter schools got aid. to view this author's last article or Data on who got them was recently released after pressure from news organizations and lawmakers. Perdue's adult children are 99% stakeholders in a trust that indirectly owns the company, and the secretary did not have any influence on the SBA's loan decisions or the company's decision to apply for aid, the spokesperson said. Medical businessessuffered deep revenue losses during the pandemic as normal lucrative procedures and treatments were put on pause to handle the virus. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. Trump on Saturday signed the extension into law. - 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. The U.S. government. The loan data also include demographics of the borrowers, although most businesses left those fields blank. - 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? by Alex Rozier, Mississippi Today April 30, 2021, This and is republished here under a Creative Commons license.. The Skip team has been one of the top resources in the US for SBA-related funding and other private funding options since 2020. 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. The program is giving first priority to businesses that didn't receive money through PPP and has set aside $40 million for businesses owned by women and minorities. 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. On average, businesses in the state received about $7,000 per employee. There were several errors in the database, so it's not clear whether all the companies listed received the funds. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. About 87% of the loans were for less than $150,000, according to the SBA. Most did not respond. This field is for validation purposes and should be left unchanged. The program's critics have expressed concern that the amount of untapped funds could show that rural or minority-owned businesses with weaker or no banking relationships have had trouble accessing relief money. 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. 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.. 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. LEARN MORE ABOUT WHO QUALIFIES BY CLICKING HERE. Southern States Utility Trailer Sales Inc. The US government recently added a second round of $310 billion to PPP loan program. The Mississippi Department of Revenue is in charge of distributing $60 million to businesses that were forced to close by the governor's orders. 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. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Look for the "Republish This Story" button underneath each story. 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. 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. The spectrum of businesses receiving PPP loans crossed . Grace Pateras and Joe Harrington contributed to this story. 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. On average, businesses in the state received about $7,000 per employee. 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. The Treasury Department and Small Business Administration on Monday disclosed the names of businesses to whom they have lent more than $150,000 as part of the Paycheck Protection Program. - Left Foot Forward, Frank Lloyd Wright Left 660 Unbuilt Designs And an Innovative New Project Brings Three of Those to Life - InsideHook, American Familia: David Morales on Grit, Self-Reliance, and the American Dream | Kerry McDonald - Foundation for Economic Education, Top 10 buildings in fiction - The Guardian, Trump can now count on Thiel, the hi-tech billionaire who finances his revenge Corriere.it - D1SoftballNews.com, Objectivism Q&A with Ben Bayer and Mike Mazza - New Ideal, Leftists And So-Called Christian Leaders Embrace Abortion As 'Sacred' - The Federalist, A Companion to Ayn Rand Now in Paperback - New Ideal, Happy birthday to the great Ayn Rand Daily Breeze, Randy Alcorn: Whats Wrong with America? 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. MDA Spokeswoman Melissa Scallan said MDA is currently reviewing applications and could be issuing checks as early as this week or next week. 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. Almost 4,000 women-owned businesses reported receiving loans. examining federal efforts to prevent, detect, and prosecute pandemic relief fraud to safeguard funds for all eligible americans 117th congress (2021-2022) - The Guardian, Shaker Heights actors to star in Zoom play: Press Run - cleveland.com, Masking Authoritarianism In The Name Of Public Health - CodeBlue, The Federal Reserve Works Best When It Sticks With Gold - Forbes, Government Grants Loan to Libertarian-Based Ayn Rand Institute - The Great Courses Daily News, Rest of the Story, Pandemic Edition : Planet Money - NPR, Law of Integrity the Joke's on Us - India Legal, No. You cant edit our stories, except to reflect relative changes in time, location and editorial style. Trusted Partners Your Business? Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. The association said the "vast majority" of the loans originated at banks headquartered in the state. If you do not have an existing account, you can also easily register or login with an existing Google, Facebook or Apple account. 2023 - Land Title Association of Mississippi, Supreme Court will hear a case challenging CFPB funding, ALTA Applauds Passage of SECURE Notarization Act in the House of Representatives, Title Companys Crime Policy Covers Fraudulent Wire Transfer, Central Florida Court Research and Document Retrieval. The law firm said in a statement that all of its employees across 12 states kept their jobs with no pay cuts. Grace Pateras and Joe Harrington contributed to this story. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Clear, with a low around 41. This disclosure covers each of the 4.9 million PPP loans that have been made. Businesses linked to Gov. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. 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. The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. We do not sell or share your information with anyone. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. - the ability to be paid for posting champion wins almost $60,000 in 7th consecutive win, over $220,000 total - Press of Atlantic City, Will Amanda Seyfried (The Dropout) ride her Emmy high all the way to a SAG Award win? Updated July 25, 2022 Search for PPP loan applications by organization, lender, zip code and business type. You can search the SBA's entire PPP loan data below. Restaurant chains like P.F. - South Carolina Public Radio, Did the John Birch Society Win in the End? 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. Lawmakers drew up a list of specific industries and estimated that there were about 30,000 small business within those industries. Political organizations also received loans: The Ohio Democratic Party got at least $150,000 and the Florida Democratic Party Building Fund got at least $350,000, while the Women's National Republican Club of New York got at least $350,000, the Black Republican Caucus in Florida got at least $150,000. Most businesses applying for loans also did not disclose the gender of their ownership. 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. Internationally, South Korean airline Korean Air received a PPP loan.