In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. 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. 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. 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. St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. We believe that an informed Mississippi is a better Mississippi. Companies said that the funding supported more than 51 million jobs. 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. On average, businesses in the state received about $7,000 per employee. Treasury Secretary Steven Mnuchin sparked an outcry from Democratswhenheoriginallyimplied that theTrump administration would not disclose the names of participants. You can review the data set released by Treasury and SBAto learn more about Mississippi PPP recipients. Gov. The online vehicle marketplace company quadrupled its sales in just one year after beginning operation in January 2021. following organizations: Whoops! You cant edit our stories, except to reflect relative changes in time, location and editorial style. How's the return to office going? 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. All rights reserved. A searchable database of federal 2020 Paycheck Protection Program loans. 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. 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PPP loans helped businesses retain nearly 48,000 employees in our state. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. examining federal efforts to prevent, detect, and prosecute pandemic relief fraud to safeguard funds for all eligible americans 117th congress (2021-2022) 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. Internationally, South Korean airline Korean Air received a PPP loan. Report it to the Small Business Administrations with just a few clicks. 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. If you share our stories on social media, please tag us in your posts using. The largest loans were only. 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. Restaurant chains like P.F. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. 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. Get this delivered to your inbox, and more info about our products and services. to view this author's last article or On average, businesses in the state received about $7,000 per employee. CNBC's Kate Rogers, Betsy Spring, Kevin Breuninger and Kayla Tausche contributed to this report. Under the law, Mississippi received $1.25 billion. Republish our articles for free, online or in print, under a Creative Commons license. Wochit. 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. Bienville Orthopaedic Specialists, L.L.C. - TheArticle, Is Ethereum left and Bitcoin right? More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. PAW Patrol Wasn't Canceled. The Mississippi Department of Revenue is in charge of distributing $60 million to businesses that were forced to close by the governor's orders. The Associated Press contributed to this report. This disclosure covers each of the 4.9 million PPP loans that have been made. The Ayn Rand Institute received a loan and defended it on Twitter. A handful of Mississippi's private colleges also received assistance. 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 House of Representatives followed the Senate in passing a measure Wednesday to extend the program's application deadline from June 30 to Aug. 8. Please reload the page and try again. Below is a list of South Mississippi business that received PPP loans . $1M - $2M: 291 Recipients. 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 . 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. Internationally, South Korean airline Korean Air received a PPP loan. - 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? Our stories may appear on pages with ads, but not ads specifically sold against our stories. This disclosure covers each of the 4.9 million PPP loans that have been made. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. 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. Ambassador to Tanzania. By clicking submit, you agree to share your email address with Mississippi Today. Look for the "Republish This Story" button underneath each story. Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. 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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. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. No city is better suited to serve as a hub for innovation and growth than Gulfport, Mayor Hewes writes. In fact, the franchise locations combined for each of McDonalds, Sonic, Applebees and General Motors received more in loans than any of the states non-franchise businesses. The program was initially rolled out in April, offering $349 billion to small businesses. The Retzer Group, which operates McDonald's franchises, got at least $5 in PPP money. - two free years of archived e-Editions 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. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. The largest loans were only recorded in the data as ranges. Our stories may appear on pages with ads, but not ads specifically sold against our stories. The Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. About 87% of the loans were for less than $150,000, according . Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Some firms said they didn't receive or apply for the money they're listed as getting. 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). 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. Why PPP Loan Recipients in Mississippi Could Be at Risk The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. The Treasury and SBA later reversed course, saying they woulddisclose names and other details about businesses that took PPP loans of $150,000 and above. The Ayn Rand Institute received a loan and defended it on Twitter. By joining our newsletter, you are confirming that you agree with the Privacy Policy, Frank Corder is a native of Pascagoula. "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. Copyright 2022 PPP Directory. And more than 1,000 recipients apparently did not answer the question about saving jobs at all, according to the data. Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. 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? This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. All rights reserved. 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. Time will tell, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. here Release from the U.S. Department of Treasury. Data is a real-time snapshot *Data is delayed at least 15 minutes. Northeast wind 0 to 5 mph. Search MS Businesses Results @lukerehmann The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. More than 40% of Black small business owners wereforced to close shop as result of the pandemic. Meanwhile, 78 white business owners received loans for at least $1 million. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. This table shows the top 5 industries in Mississippi by number of loans awarded, with average loan amounts and number of jobs reported. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. 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. 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. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. 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. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. 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. 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 loans have reached diverse communities proportionally, across all income levels and demographics. The SBA's list divides the PPP loan recipients . On average, businesses in the state received about $7,000 per employee. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. Wochit. Searchable PPP Loans - Businesses with PPP Loan 2021 Small Business Administration (SBA) released a list of all the businesses their loan amount with Bank and business details. - 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? And what do kangaroos have to do with it? Follow him on Twitter @gbolognaCL. Grace Pateras and Joe Harrington contributed to this story. Trump on Saturday signed the extension into law. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Grace Pateras and Joe Harrington contributed to this story. champion wins almost $60,000 in 7th consecutive win, over $220,000 total - Press of Atlantic City, Will Amanda Seyfried (The Dropout) ride her Emmy high all the way to a SAG Award win? About 87% of the loans were for less than $150,000, according to the SBA. So here are the links and resources I mentioned. A Division of NBCUniversal. For PPP Loans under $150,000 in Mississippi click here. a proud member of the Eastern Fishing And Rental Tool Co., Inc. Support Activities for Oil and Gas Operations, All Other Professional, Scientific, and Technical Services, Motorcycle, ATV, and All Other Motor Vehicle Dealers, Grain and Field Bean Merchant Wholesalers, Specialized Freight (except Used Goods) Trucking, Long-Distance, Agriculture, Forestry, Fishing and Hunting, Lessors of Residential Buildings and Dwellings, Other Miscellaneous Durable Goods Merchant Wholesalers, Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing, Corporate, Subsidiary, and Regional Managing Offices, Colleges, Universities, and Professional Schools, Farm and Garden Machinery and Equipment Merchant Wholesalers, Plastics Material and Resin Manufacturing, Mississippi Tank And Manufacturing Company, Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing, Pearl River Valley Electric Power Association, Progressive Medical Management Of Batesville, LLC, Region VII Mental Health Intellectual Disabilities Commission, Outpatient Mental Health and Substance Abuse Centers, Supermarkets and Other Grocery (except Convenience) Stores, Gasoline Stations with Convenience Stores. There is further data we're working on for the loans under $150k however so check back in the future for that. Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? 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. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. | 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? The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. We do not sell or share your information with anyone. This company embraced the coronavirus economy and now it is hiring workers. Restaurant chains like P.F. !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. With your help, we've gotten a lot done but we're not finished yet! The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. - profiles and social posts 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. The Clarion Ledger reached out to several companies that received at least $5 million through the program. - The Atlantic, The Fountainhead Reading Group with Andrew Bernstein - The Objective Standard, Copyright 2000 to 2023 Prometheism Transhumanism Post Humanism. - InvisionMag, Republicans want kids to be bullies like Trump: The hidden agenda of the right's attack on SEL - Salon, Broaden your perspective with the '1 after 2' reading rule - Bangor Daily News. Any amount helps us keep producing quality journalism for Mississippi. 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. - Science Based Medicine, O'Donnell: Will the NBA's new red-light camera calls ruin The Finals for ABC/ESPN? 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. The Small Business Administration has released a list of businesses that have received emergency pandemic. 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 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. Assisted Living Facilities for the Elderly, Fabricated Structural Metal Manufacturing, Plumbing, Heating, and Air-Conditioning Contractors, Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Yalobusha General Hospital And Nursing Home, Electrical Contractors and Other Wiring Installation Contractors. 2023 CNBC LLC. 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. Any amount helps us keep producing quality journalism for Mississippi. Just look at shares of one of the largest office REITs, whenheoriginallyimplied that theTrump administration would not disclose the names of participants, tried to take the restaurant chain public, More than $30 billion in loans were returned overall, forced to close shop as result of the pandemic. In Mississippi, nearly all 96% of loans were directed towards payrolls. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. 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. here The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. 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. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. following organizations: Whoops! - 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. 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. Most did not respond. On average, businesses in the state received about $7,000 per employee. 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. Other major law firms, such asForman Watkins & Krutz, Watkins & Eager,Brunini Grantham Grower & Hewes, and Schwartz and Associates, got millions of dollars through PPP. - Fillmore County Journal, Why Are Members of Congress Allowed to Trade Stocks? 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. For a full breakdown of which businesses received loans of $150,000 or more, see the tables below: !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: Mississippi Today sought a Paycheck Protection Program loan, which has been approved and disbursed. 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). 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. Get Funding & Growth Help Get Started For Free - 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? TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. - 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. Several other companies, shown below, received enough in loans to pay each employee over six figures. Enjoy! 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. This field is for validation purposes and should be left unchanged. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. 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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. 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. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. More than 50 companies reported that the funds would help them hold onto at least 400 employees. 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.