Under the law, Mississippi received $1.25 billion. Please reload the page and try again. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 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. Posted on February 27, 2023 by laguardia airport food terminal c The spectrum of businesses receiving PPP loans crossed . - 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. 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. And more than 1,000 recipients apparently did not answer the question about saving jobs at all, according to the data. Your California Privacy Rights / Privacy Policy. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. - South Carolina Public Radio, Did the John Birch Society Win in the End? Mississippi companies reported the aid will help them retain about 412,000 jobs about one-third of the state's total workforce. Restaurant chains like 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. Look for the "Republish This Story" button underneath each story. following organizations: Whoops! 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. Doctors offices, restaurants and car dealers were the top businesses in Mississippi to receive loans from the $2 trillion coronavirus relief package signed into law this spring. 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. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. Bienville Orthopaedic Specialists, L.L.C. Grace Pateras and Joe Harrington contributed to this story. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. to view this author's last article or The online vehicle marketplace company quadrupled its sales in just one year after beginning operation in January 2021. 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. Our stories may appear on pages with ads, but not ads specifically sold against our stories. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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 case was brought in Foley Square, New York and is pending. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. It has approved 4.9 million loans for a total of more than $521 billion. 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. The law firm said in a statement that all of its employees across 12 states kept their jobs with no pay cuts. 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. 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 is NOT a directory of companies that received a loan using SBA.com loan request service. 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. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. Most businesses applying for loans also did not disclose the gender of their ownership. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. 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 Ayn Rand Institute received a loan and defended it on Twitter. Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. Dig Deeper: See the full searchable list of who received Mississippi PPP loans. On average, businesses in the state received about $7,000 per employee. 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. Northeast wind 0 to 5 mph. to see all of their content. 177878 177879 Read more. The US government recently added a second round of $310 billion to PPP loan program. After those funds quickly ran out, the government replenished the program with an additional $310 billion. There is further data we're working on for the loans under $150k however so check back in the future for that. 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. 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. In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. Loans Issued In Mississippi PPP Recipients Browse PPP Loans By State Mississippi Select a City for all PPP loans filed within that jouristiction, or search the entire state filings here: Show entries Search: Processing. 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. Copyright 2022 PPP Directory. Millsaps, Tougaloo and Rust colleges each receivedbetween $2 million and $5 million. - 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? More than 40% of Black small business owners wereforced to close shop as result of the pandemic. Southern Air Conditioning & Supply Inc., where Reeves is a shareholder and Coker & Palmer, Inc., an insurance agency where his wife, Elee Reeves, is a financial advisor, were among the businesses from Mississippi that received money in the coronavirus outbreak, according to the federal government. Based on data from National Weather Service and OpenWeather. Got a confidential news tip? 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. 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. 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 . But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. World-class Experience The Skip team prides itself on giving you the attention and assistance your small business deserves. The largest loans were only recorded in the data as ranges. A Division of NBCUniversal. So did theLos Angeles Lakers. Grace Pateras and Joe Harrington contributed to this story. There was an error and we couldn't process your subscription. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. Many colleges have taken a financial hit after refunding students for room, board and other fees that come with attending class in-person. The sum total of loans amounts to in excess of $521 billion, and in a statement, Treasury Secretary Steve Mnuchin remarked, "The PPP is providing much-needed relief to millions of American small . 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. Several other companies, shown below, received enough in loans to pay each employee over six figures. Gov. The released data also include information about smaller loan recipients, but excluded their names. 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 Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. Revealed: How U.S. Gov't & Hollywood Secretly Worked Together to Justify Atomic Bombings of Japan - Democracy Now! 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. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. 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 Associated Press contributed to this report. 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. Medical businessessuffered deep revenue losses during the pandemic as normal lucrative procedures and treatments were put on pause to handle the virus. The US government recently added a second round of $310 billion to PPP loan program. 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. Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. How's the return to office going? 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. 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. 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. Restaurant chains like P.F. 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. 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. SBA and Treasury to release names of largest PPP loan recipients. 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. A former Mississippi prison guard has been sentenced to three years of probation for COVID relief fraud. here About 87% of the loans were for less than $150,000, according to the SBA. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. The largest loans were only. In total, over 79,000 businesses in Mississippi have been approved for PPP 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? But of those that did, men-owned businesses receiving loans outnumbered women-owned firms by about three-to-one. PPP Loans List. 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. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. The association said the "vast majority" of the loans originated at banks headquartered in the state. To learn more about our cartoon syndication services. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. Help keep the momentum going by rejoining our member community today. - TheArticle, Is Ethereum left and Bitcoin right? The SBA states that the PPP program is designed to help small businesses keep workers on payroll. Included in the data were car dealerships, nonprofit organizations, churches, oil and gas industry support companies, medical practices, zoos, law firms, and colleges. 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. Wochit. Help keep the momentum going by rejoining our member community today. In Mississippi, nearly all 96% of loans were directed towards payrolls. 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 full list is available on the Small Business Administration website, which you can access here.]. The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' The Ayn Rand Institute received a loan and defended it on Twitter. 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. On average, businesses in the state received about $7,000 per employee. By joining our newsletter, you are confirming that you agree with the Privacy Policy, Frank Corder is a native of Pascagoula. 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. Any amount helps us keep producing quality journalism for Mississippi. You cant edit our stories, except to reflect relative changes in time, location and editorial style. In Mississippi, nearly all 96% of loans were directed towards payrolls. The private equity firm. 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. 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. Treasury Secretary Steven Mnuchin sparked an outcry from Democratswhenheoriginallyimplied that theTrump administration would not disclose the names of participants. 2023 Magnolia Tribune. Ruth's Hospitality Group, which owns the Ruth's Chris Steak House chain, AutoNationand ShakeShack are among those that took out PPP loans. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. 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). 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. 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. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. 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 published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. 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. All rights reserved. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. The program was initially rolled out in April, offering $349 billion to small businesses. With your help, we've gotten a lot done but we're not finished yet! 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. Those in excess of $150,000 break down as follows: $5M - $10M: 16 Recipients. 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. MDA Spokeswoman Melissa Scallan said MDA is currently reviewing applications and could be issuing checks as early as this week or next week. The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country, said Secretary Steven T. Mnuchin.