By joining our newsletter, you are confirming that you agree with the Privacy Policy, Frank Corder is a native of Pascagoula. The data only identifies companies with loans worth more than $150,000. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. There were several errors in the database, so it's not clear whether all the companies listed received the funds. Internationally, South Korean airline Korean Air received a PPP loan. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Grace Pateras and Joe Harrington contributed to this story. The program has about $132 billion in funding remaining. Mississippi companies reported the aid will help them retain about 412,000 jobs about one-third of the state's total workforce. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. The released data also include information about smaller loan recipients, but excluded their names. - 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. Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding. 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. The average amount was about $69,000, the lowest in the country. The case was brought in Foley Square, New York and is pending. The SBA released other details about the program Monday, including: The PPP's goal is to offer forgivable loans to smaller businesses, helping them to stay afloat and employees to maintain their jobs as the coronavirus puts the U.S. economy on hold. All Data Obtained From the SBA. If you are an existing Print subscriber click HERE for your login info. - 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? His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. On average, businesses in the state received about $7,000 per employee. Report it to the Small Business Administrations with just a few clicks. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. 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. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. 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. - Vox.com, Conservative Theologically, but Liberal Politically | Gene Veith - Patheos, Who is Jonathan Swan, the reporter who grilled Trump? 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. - South Carolina Public Radio, Did the John Birch Society Win in the End? - Scuttlebutt Sailing News, Bill Maher Addressed an Eventful Political Week on Real Time - InsideHook, Letter: The rules of life are very simple - Detroit Lakes Tribune, The Banality of Putin and Xi | Yaron Brook and Elan Journo - IAI, American culture is destroying itself, and the planet, says leading activist Bill McKibben - Yahoo Philippines News, Is Discussing the Consequences of Anti-Vaccine Disinformation Fun? If you do not have an existing account, you can also easily register or login with an existing Google, Facebook or Apple account. 2023 Magnolia Tribune. Sign up for free newsletters and get more CNBC delivered to your inbox. 2023 CNBC LLC. The private equity firm. Internationally, South Korean airline Korean Air received a PPP loan. to view this author's last article or Included in the data were car dealerships, nonprofit organizations, churches, oil and gas industry support companies, medical practices, zoos, law firms, and colleges. More than 50 companies reported that the funds would help them hold onto at least 400 employees. Please reload the page and try again. Help keep the momentum going by rejoining our member community today. World-class Experience The Skip team prides itself on giving you the attention and assistance your small business deserves. 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. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. Three Hispanic, two Asian and zero American Indian businesses reported receiving at least that amount. 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. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. The largest loans were only recorded in the data as ranges. Restaurant chains like P.F. 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. 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. 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. Revealed: How U.S. Gov't & Hollywood Secretly Worked Together to Justify Atomic Bombings of Japan - Democracy Now! 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. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. More than 45,000 loans worth nearly $3.2 billion were approved in Mississippi by the Small Business Administration, according to Mississippi Bankers Association. Bienville Orthopaedic Specialists, L.L.C. Reeves: Businesses with ties to Tate Reeves received loans. Meanwhile, 78 white business owners received loans for at least $1 million. 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. Classical Economists - The Objective Standard, Opinion | Demolishing the Demonic Plans of Our Enemy, and Can We Get An Amen - Common Dreams, Ayn Rand's We the Living: Back on the Silver Screenand Better Than Ever - The Objective Standard, Congress revival: Time to break free of family - The Hans India, The Financial Dark Ages Are Ending Thanks To Bitcoin - Bitcoin Magazine, Marital rape: How understanding context rather than just focusing on consent will help resolve the issue - Firstpost, Deadly Class Season 2: Is a Release Date or Rumor in the Offing on Netflix? - 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? Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Ruth's Hospitality Group, which owns the Ruth's Chris Steak House chain, AutoNationand ShakeShack are among those that took out PPP loans. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. Yet dozens of large national chains came away with millions in loans on behalf of their Mississippi locations; McDonalds, for instance, received $14.8 million to support 28 locations in the state, despite being a multinational corporation that made $4.7 billion in profit last year. The Ayn Rand Institute received a loan and defended it on Twitter. There was an error and we couldn't process your subscription. Dig Deeper: See the full searchable list of who received Mississippi PPP 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. The jobs numbers released last week reinforced that PPP is working by keeping employees on payroll and sustaining millions of small businesses through this time.. Got a confidential news tip? 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, Copyright 2000 to 2023 Prometheism Transhumanism Post Humanism | Prometheism | Euvolution | Pierre Teilhard De Chardin, 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. Todays release of loan data strikes the appropriate balance of providing the American people with transparency, while protecting sensitive payroll and personal income information of small businesses, sole proprietors, and independent contractors., The PPP is an indisputable success for small businesses, especially to the communities in which these employers serve as the main job creators, said Administrator Jovita Carranza. St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. Companies said that the funding supported more than 51 million jobs. You gain access to: This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Mississippi businesses that applied for and received a loan as part of a national effort to save small companies during the coronavirus pandemic is now public information. a proud member of the Search PPP Loan List in Mississippi Small Business Administration (SBA) released a list of all the businesses their loan amount with Bank and business details. We are particularly pleased that 27% of the programs reach in low and moderate income communities which is in proportion to percentage of population in these areas. Any web site our stories appear on must include a contact for your organization. Any amount helps us keep producing quality journalism for Mississippi. 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. Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. - 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? Trusted Partners Your Business? 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? 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. 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 biggest loans went toconstruction contractors such as F.L. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. 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 curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' If you do not have an existing account, you can also easily use an existing Google, Facebook or Apple account. by Alex Rozier, Mississippi Today April 30, 2021, This and is republished here under a Creative Commons license.. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. 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. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. Those in excess of $150,000 break down as follows: $5M - $10M: 16 Recipients. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. This disclosure covers each of the 4.9 million PPP loans that have been made. More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. Applicants in California received the most money overall with $68.2 billion, followed by Texas at $41.1 billion and New York at $38.3 billion. 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 SBA's list divides the PPP loan recipients . TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. Republish our articles for free, online or in print, under a Creative Commons license. PPP loans helped businesses retain nearly 48,000 employees in our state. Most did not respond. To learn more about our cartoon syndication services. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. $150K - $350K: 2,358 Recipients. 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. Gov. Click on a company's name to see additional loan details. 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. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). You can only publish select stories individually not as a collection. 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. - and much more! But of those that did, men-owned businesses receiving loans outnumbered women-owned firms by about three-to-one. 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. Who in Mississippi got Paycheck Protection Program loans during the pandemic? The law firm said in a statement that all of its employees across 12 states kept their jobs with no pay cuts. 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. Any web site our stories appear on must include a contact for your organization. To learn more about our cartoon syndication services. A searchable database of federal 2020 Paycheck Protection Program loans. Get Funding & Growth Help Get Started For Free 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. Northeast wind 0 to 5 mph. Todays release includes loan-level data, including business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, name of lender, jobs supported, and loan amount ranges as follows: These categories account for nearly 75 percent of the loan dollars approved. The Associated Press contributed to this report. 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. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? 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. John Farrell, a Republican donor and real estate developer also received a PPP loan. Posted on February 27, 2023 by laguardia airport food terminal c According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs. 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. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income.