mississippi ppp loan recipients list mississippi ppp loan recipients list

examining federal efforts to prevent, detect, and prosecute pandemic relief fraud to safeguard funds for all eligible americans 117th congress (2021-2022) Look for the "Republish This Story" button underneath each story. Cointelegraph Magazine - Cointelegraph, Get Ready for the Great Urban Comeback - The Atlantic, Q&A: Lucas Wrench of OK #1 | The-voice | tulsapeople.com - tulsapeople.com, Twitter Had A Meltdown Over What 'Red Flags' To Look Out For On a Man's Bookshelf - Junkee, There's more than one way to deliver the mail - Newsday, Before Watching HBO's The Vow, Here's What You Need to Know About the NXIVM Cult - POPSUGAR, Who Is Keith Raniere of 'The Vow' - Where Is He Now? Otherwise, it carries a 1 percent interest rate and must be repaid within two years. - 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. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. In Mississippi, nearly all 96% of loans were directed towards payrolls. 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. So did theLos Angeles Lakers. 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. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. 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. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. 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. Internationally, South Korean airline Korean Air received a PPP loan. The Small Business Administration has released a list of businesses that have received emergency pandemic. How's the return to office going? 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. 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. A former Mississippi prison guard has been sentenced to three years of probation for COVID relief fraud. Treasury Secretary Steven Mnuchin sparked an outcry from Democratswhenheoriginallyimplied that theTrump administration would not disclose the names of participants. The Government alleged that Mr. Martinez acquired approval to issue PPP loans as a non-bank lender and earned over $70 million in lender fees. With your help, we've gotten a lot done but we're not finished yet! Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. You have to credit Mississippi Today. Trump on Saturday signed the extension into law. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 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. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. 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. 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. You have to credit Mississippi Today. This company embraced the coronavirus economy and now it is hiring workers. Narrow the list by typing in a business or city name. 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. 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. 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. by Alex Rozier, Mississippi Today July 7, 2020, This and is republished here under a Creative Commons license.. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. 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. 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. - TheArticle, Is Ethereum left and Bitcoin right? More than 50 individual churches received $150,000 or more. 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 believe that an informed Mississippi is a better Mississippi. by Alex Rozier, Mississippi Today April 30, 2021, This and is republished here under a Creative Commons license.. 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 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. Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? Each small business was supposed to receive a $2,000 check. He is a frequent guest on radio and television, providing insight and commentary on the inner workings of the Magnolia State. Enjoy! The SBA's list divides the PPP loan recipients . Separately, Mississippi is in the process of distributing grants to many small businesses using federal funds it received for virus relief. 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. - 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? On average, businesses in the state received about $7,000 per employee. Gov. At least eight country clubs, such as the Diamondhead Country Club and Jackson Country Club, got approved for PPP money. The Mississippi Department of Revenue is in charge of distributing $60 million to businesses that were forced to close by the governor's orders. 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. 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. The private equity firm. 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. - and much more! Narrow the list by typing in a business or city name. - profiles and social posts 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? - Study Breaks, Get Ready for a Week of Unhinged Attacks on Biden and Harris - The Bulwark. 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. 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. You cant edit our stories, except to reflect relative changes in time, location and editorial style. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. 2023 CNBC LLC. - 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 SBA states that the PPP program is designed to help small businesses keep workers on payroll. The law firm where House Speaker Philip Gunn works, Wells Marble & Hurst, received between $350,000 and $1 million. 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. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. 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). For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. Posted on February 27, 2023 by laguardia airport food terminal c We believe that an informed Mississippi is a better Mississippi. 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. But about 3,500 Mississippi businesses that received PPP loans said they would retain zero jobs with the money. 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. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. 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. 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. 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. The loan data also include demographics of the borrowers, although most businesses left those fields blank. The loan data also include demographics of the borrowers, although most businesses left those fields blank. following organizations: Whoops! 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. The Clarion Ledger reached out to several companies that received at least $5 million through the program. In Mississippi, nearly all 96% of loans were directed towards payrolls. The program was initially rolled out in April, offering $349 billion to small businesses. We prefer Author Name, Mississippi Today in the byline. Those in excess of $150,000 break down as follows: $5M - $10M: 16 Recipients. Republish our articles for free, online or in print, under a Creative Commons license. Niche movie theater chain Alamo Drafthouse received a loan of at least $5 million. 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. 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. 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 largest loans were only. Most did not respond. 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. 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. Get this delivered to your inbox, and more info about our products and services. Get Funding & Growth Help Get Started For Free Mississippi companies reported the aid will help them retain about 412,000 jobs about one-third of the state's total workforce. 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. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. To learn more about our cartoon syndication services. We do not sell or share your information with anyone. 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. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. The case was brought in Foley Square, New York and is pending. 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. 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. 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. We do not sell or share your information with anyone. 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. More than 50 companies reported that the funds would help them hold onto at least 400 employees. a proud member of the The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. CNBC's Kate Rogers, Betsy Spring, Kevin Breuninger and Kayla Tausche contributed to this report. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Copyright 2022 Winston County Journal | Terms of Use| Privacy Policy, More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. In Mississippi, nearly all 96% of loans were directed towards payrolls. 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. Please reload the page and try again. 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. If you are an existing Print subscriber click HERE for your login info. 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. On average, businesses in the state received about $7,000 per employee. The program has about $132 billion in funding remaining. Click Please reload the page and try again. - 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? If you share our stories on social media, please tag us in your posts using. Almost all of that money has yet to be distributed. 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. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. 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 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. 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. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. 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. In Mississippi, nearly all 96% of loans were directed towards payrolls. $2M - $5M: 118 Recipients. John Farrell, a Republican donor and real estate developer also received a PPP loan. Loan Range No. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. The Ayn Rand Institute received a loan and defended it on Twitter. 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. var divElement = document.getElementById('viz1594157587379'); 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); The data also included the demographics of borrowers, although two-thirds of the states borrowers declined to provide a gender and three-quarters declined to provide a race or ethnicity. The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' There was an error and we couldn't process your subscription. Companies said that the funding supported more than 51 million jobs. Look for the "Republish This Story" button underneath each story. Todays data shows that small businesses of all types and across all industries benefited from this unprecedented program. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. "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. 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. 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. Grace Pateras and Joe Harrington contributed to this story. 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 . 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. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained.