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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. Time will tell, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. Dig Deeper: See the full searchable list of who received Mississippi PPP loans. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. Summary of PPP Loans in Mississippi. If you share our stories on social media, please tag us in your posts using. If you do not have an existing account, you can also easily register or login with an existing Google, Facebook or Apple account. 2023 www.clarionledger.com. Your California Privacy Rights / Privacy Policy. Companies said that the funding supported more than 51 million jobs. 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 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. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. 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. If you share our stories on social media, please tag us in your posts using. 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. The US government recently added a second round of $310 billion to PPP loan program. 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. Those in excess of $150,000 break down as follows: $5M - $10M: 16 Recipients. - 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. 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. John Farrell, a Republican donor and real estate developer also received a PPP loan. Under the law, Mississippi received $1.25 billion. Northeast wind 0 to 5 mph. Internationally, South Korean airline Korean Air received a PPP loan. 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. Wochit. After those funds quickly ran out, the government replenished the program with an additional $310 billion. The disclosure comes amid demands from Democrats for more transparency around the funds established as part of the $2 trillion CARES Act signed into law this spring. Bienville Orthopaedic Specialists, L.L.C. 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. 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. 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 review the data set released by Treasury and SBAto learn more about Mississippi PPP recipients. 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. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. All rights reserved. Lawmakers drew up a list of specific industries and estimated that there were about 30,000 small business within those industries. Businesses linked to Gov. All rights reserved. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. 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. Get Funding & Growth Help Get Started For Free The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. Clarification: The story has been edited to clarify that franchisees of national chains applied and received PPP loans rather than the chains corporate bodies. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. following organizations: Whoops! Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. Most did not respond. 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. - 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 data from National Weather Service and OpenWeather. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. 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. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. 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. At least 20 Mississippi hospitals received PPP money, with numerous dentists' and doctors' offices also getting the loans. 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. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. Data on who got them was recently released after pressure from news organizations and lawmakers. In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. Look for the "Republish This Story" button underneath each story. 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. 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 full list is available on the Small Business Administration website, which you can access here.]. 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. Almost all of that money has yet to be distributed. - Vox.com, Conservative Theologically, but Liberal Politically | Gene Veith - Patheos, Who is Jonathan Swan, the reporter who grilled Trump? 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. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Follow him on Twitter @gbolognaCL. CNBC's Kate Rogers, Betsy Spring, Kevin Breuninger and Kayla Tausche contributed to this report. The law firm Boies Schiller Flexner, whose chairman David Boies has represented powerful clients such as former Vice President Al Gore in the Bush v. Gore Supreme Court case, received between $5 million and $10 million. The Small Business Administration has released a list of businesses that have received emergency pandemic. 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 average amount was about $69,000, the lowest in the country. Look for the "Republish This Story" button underneath each story. 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. 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. Millsaps, Tougaloo and Rust colleges each receivedbetween $2 million and $5 million. $350K - $1M: 1,107 Recipients. Several other companies, shown below, received enough in loans to pay each employee over six figures. We're dedicated to keeping Mississippians informed with our thorough reporting. The Associated Press contributed to this report. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Narrow the list by typing in a business or city name. 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. Dozens of private and charter schools got aid. The program was initially rolled out in April, offering $349 billion to small businesses. There were several errors in the database, so it's not clear whether all the companies listed received the funds. 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. The company is investing $2.4 million in their Mississippi operation and adding 32 new jobs. Todays data shows that small businesses of all types and across all industries benefited from this unprecedented program. - South Carolina Public Radio, Did the John Birch Society Win in the End? There is further data we're working on for the loans under $150k however so check back in the future for that. 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). Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. Restaurant chains like P.F. The Ayn Rand Institute received a loan and defended it on Twitter. - 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 Skip team has been one of the top resources in the US for SBA-related funding and other private funding options since 2020. - 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 fate of Amtraks Gulf Coast return rests with a federal board, They couldve picked Elijah Moore, but Saints drafted Payton Turner. Clear, with a low around 41. "The CARES Act was an umbrella act that distributed tons of money. Please reload the page and try again. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. PPP Loans List. Internationally, South Korean airline Korean Air received a PPP loan. 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. 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. - 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? Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}}))}(); Disclosure: In 2020, Mississippi Today sought a Paycheck Protection Program loan, which was approved and disbursed. And more than 1,000 recipients apparently did not answer the question about saving jobs at all, according to the data. 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. 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You cant edit our stories, except to reflect relative changes in time, location and editorial style. 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. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. How's the return to office going? The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. 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 . 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. 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. 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. All Rights Reserved. The released data also include information about smaller loan recipients, but excluded their names. 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. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. We do not sell or share your information with anyone. 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. Any web site our stories appear on must include a contact for your organization. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. 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. - 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. Find Latest SBA PPP Loan Details Search by Business name, city, state, loan amount etc Search Loan Details 1 2 3 4 5 6 7 8 9 10 . The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. 2023 CNBC LLC. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. 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. With your help, we've gotten a lot done but we're not finished yet! The U.S. government. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. - Federal Regulations Advisor, The Daily Cartoon and Live Briefing: Monday, May 9, 2022 - FlaglerLive.com, Victory at San Jacinto liberated the individual | Opinion | jacksonvilleprogress.com - Jacksonville Daily Progress, RUSH's GEDDY LEE Says NEIL PEART 'Didn't Want Anyone To Know' About His Illness: 'He Wanted To Keep It In The House' - BLABBERMOUTH.NET, The Alternative Meat Industry Wants Solar Power Style Mandates And Subsidies - Science 2.0, diSConnected: Is Ayn Rand or Mother Teresa better for protecting South Carolinians with disabilities? The loan data also include demographics of the borrowers, although most businesses left those fields blank. While some minority-owned businesses may not have disclosed race in their application, only one Black business owner reported receiving a PPP loan worth at least $1 million. 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. Republish our articles for free, online or in print, under a Creative Commons license. Our stories may appear on pages with ads, but not ads specifically sold against our stories. 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. All rights reserved. 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. PPP loans helped businesses retain nearly 48,000 employees in our state. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. $1M - $2M: 291 Recipients. 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. Please reload the page and try again. Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. 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. At least a dozen prominent investment firms obtained hundreds of thousands of dollars in assistance each, with at least two saying the money would help retain zero jobs. The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. About 87% of the loans were for less than $150,000, according . Mississippi companies reported the aid will help them retain about 412,000 jobs about one-third of the state's total workforce. 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. 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. In Mississippi, nearly all 96% of loans were directed towards payrolls. 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. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. The Ayn Rand Institute received a loan and defended it on Twitter. In Mississippi, nearly all 96% of loans were directed towards payrolls. $2M - $5M: 118 Recipients. Scallan said the agency is still encouraging small business owners to apply for grants at the following website: www.backtobusinessms.org. 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. If you are an existing Print subscriber click HERE for your login info. Below is a list of South Mississippi business that received PPP loans . Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. 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? Got a confidential news tip? The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!'