mississippi ppp loan recipients list

By industry: At least eight country clubs, such as the Diamondhead Country Club and Jackson Country Club, got approved for PPP money. 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. 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. Scallan said the agency is still encouraging small business owners to apply for grants at the following website: www.backtobusinessms.org. Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. Wochit. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. 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. Any amount helps us keep producing quality journalism for 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. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. The Clarion Ledger reached out to several companies that received at least $5 million through the program. More than 50 companies reported that the funds would help them hold onto at least 400 employees. Three Hispanic, two Asian and zero American Indian businesses reported receiving at least that amount. The Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. Release from the U.S. Department of Treasury. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. A Division of NBCUniversal. Internationally, South Korean airline Korean Air received a PPP loan. 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. The program has about $132 billion in funding remaining. There was an error and we couldn't process your subscription. Contact Giacomo "Jack" Bologna at 601-961-7282 or gbologna@gannett.com. $350K - $1M: 1,107 Recipients. You can review the data set released by Treasury and SBAto learn more about Mississippi PPP recipients. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. 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. - TheArticle, Is Ethereum left and Bitcoin right? 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. Any web site our stories appear on must include a contact for your organization. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. Read more. It further contains data showing the reach of the program in underserved communities, rural communities, historically underutilized business zones (HUBZones), and participation by religious, grantmaking, civil, professional, and other similar organizations. 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. 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. 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. This is NOT a directory of companies that received a loan using SBA.com loan request service. The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. "The CARES Act was an umbrella act that distributed tons of money. We do not sell or share your information with anyone. 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. Some firms said they didn't receive or apply for the money they're listed as getting. 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. Copyright 2022 PPP Directory. 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. John Farrell, a Republican donor and real estate developer also received a PPP loan. PPP loans helped businesses retain nearly 48,000 employees in our state. Get this delivered to your inbox, and more info about our products and services. No city is better suited to serve as a hub for innovation and growth than Gulfport, Mayor Hewes writes. Restaurant chains like P.F. The PPP loans are designed to keep people on the job, and can be forgiven if the funds are used on payroll and similar expenses. a proud member of the All rights reserved. California students call to remove Ronald Reagan, Margaret Thatcher busts - Campus Reform, The GOP Are Standing on Trump's Sinking Ship, But Democrats Need a Vision Beyond Electing Biden - Common Dreams, Is Donald Trump the Republican Partys future, or its past? 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. 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. 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. 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. 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. Enjoy! In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. - South Carolina Public Radio, Did the John Birch Society Win in the End? 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. 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. - 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. Who will win? Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. The loan data also include demographics of the borrowers, although most businesses left those fields blank. Internationally, South Korean airline Korean Air received a PPP loan. Grace Pateras and Joe Harrington contributed to this story. The Skip team has been one of the top resources in the US for SBA-related funding and other private funding options since 2020. Graphics by CNBC's John Schoen. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. Franks interviews, articles, and columns have been shared throughout Mississippi as well as in national publications such as the Daily Caller. A former Mississippi prison guard has been sentenced to three years of probation for COVID relief fraud. 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? Jared Kushner's parents' family foundation supports the school, NBC News reported. - The Week, Daily Reformer: Hagehan The First Couple Of Minnesota Politics - Patch.com. 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 U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 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? - profiles and social posts We prefer Author Name, Mississippi Today in the byline. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. On average, businesses in the state received about $7,000 per employee. Several other companies, shown below, received enough in loans to pay each employee over six figures. 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. Dozens of private and charter schools got aid. In Mississippi, nearly all 96% of loans were directed towards payrolls. Get Funding & Growth Help Get Started For Free Otherwise, it carries a 1 percent interest rate and must be repaid within two years. 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. 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. The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' 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. by Alex Rozier, Mississippi Today July 7, 2020, This and is republished here under a Creative Commons license.. Look for the "Republish This Story" button underneath each story. But We Wish It Had Been - Fatherly, A field guide to the pandemic deniers - Salon, Mastodon, Tool, Coheed + Cambria, Primus Members Team on Cover of Rush's 'Anthem' - Loudwire, Daddy Ducey had his chance to deal with COVID; It's time to call Mom | What the Devil won't tell you - TucsonSentinel.com, Peter Bart: How Hollywood Learned That Mixing Politics And Art Can Turn Big Ideas Into B-Pictures - Deadline, The saga of the doctor versus the denier continues - Antelope Valley Press, Making it on your own in pandemic | Opinion - News-Press Now, Every generation gets 'The Baby-Sitters Club' it deserves - SFGate, How Amber Heard went from a small town in Texas to centre stage in Hollywood's most explosive trial yet - Evening Standard, Big problems with the Paycheck Protection Program? The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. 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. - 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 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. 177878 177879 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. If you do not have an existing account, you can also easily use an existing Google, Facebook or Apple account. Does something look fishy to you? Please reload the page and try again. Tate Reeves also got PPP money. And more than 1,000 recipients apparently did not answer the question about saving jobs at all, according to the data. We believe that an informed Mississippi is a better Mississippi. Posted on February 27, 2023 by laguardia airport food terminal c 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. Meanwhile, 78 white business owners received loans for at least $1 million. All Data Obtained From the SBA. PPP Small Business Relief Will Likely Not Help All. Look for the "Republish This Story" button underneath each story. About 87% of the loans were for less than $150,000, according to the SBA. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. 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. 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. Each small business was supposed to receive a $2,000 check. The law firm said in a statement that all of its employees across 12 states kept their jobs with no pay cuts. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. Loan Range No. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. 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. Restaurant chains like P.F. - UnHerd, Advice: Im a woman of color often overlooked at work until people realize I outrank them - The Boston Globe, Ayn Rand | Biography, Books, & Facts | Britannica, Gen Z is looking for meaning this holiday season, but maybe not where we expect - Religion News Service, Cryptocurrency and the Shocking Revelation That White Supremacists Like Money - tntribune.com, Seahawks vs Texans Week 14 Picks and Predictions: Learning To Fly Again - Covers, Forza Horizon 5s amazing intro shows why its a huge hit on Game Pass - Polygon, Celeb Shelf: Instead of scrolling through my phone I read a book, shares actor-turned-author Jugal Hansraj - Free Press Journal. Bienville Orthopaedic Specialists, L.L.C. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Central Mississippi Civic Improvement Association, Inc. Commercial and Institutional Building Construction, Seafood Product Preparation and Packaging, East Mississippi Electric Power Association. In three months, this Administration was able to act quickly to get funding into the hands of those who faced enormous obstacles as a result of the pandemic. You can search the SBA's entire PPP loan data below. "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. You cant edit our stories, except to reflect relative changes in time, location and editorial style. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. Grace Pateras and Joe Harrington contributed to this story. Time will tell, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. You can only publish select stories individually not as a collection. 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. 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. The data only identifies companies with loans worth more than $150,000. Northeast wind 0 to 5 mph. Updated July 25, 2022 Search for PPP loan applications by organization, lender, zip code and business type. In Mississippi, nearly all 96% of loans were directed towards payrolls. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. - the ability to be paid for posting The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. 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? Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. 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. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. 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. Southern States Utility Trailer Sales Inc. Mississippi has a total of 138,392 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. Dig Deeper: See the full searchable list of who received Mississippi PPP loans. Narrow the list by typing in a business or city name. Data on who got them was recently released after pressure from news organizations and lawmakers. 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. Report it to the Small Business Administrations with just a few clicks. | Jones - PennLive, A high point of our time in southern Alberta, Canada - Patheos, 4 Pillars of The Illusion | C. Don Jones - Patheos, The Philosophic Case for the Absolute Right to Abortion - New Ideal, R2AK: Will monohulls sweep the podium? Ruth's Hospitality Group, which owns the Ruth's Chris Steak House chain, AutoNationand ShakeShack are among those that took out PPP loans. If you do not have an existing account, you can also easily register or login with an existing Google, Facebook or Apple account. More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. 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. But of those that did, men-owned businesses receiving loans outnumbered women-owned firms by about three-to-one. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. In total, over 79,000 businesses in Mississippi have been approved for PPP loans.

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