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. St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. 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. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. The overwhelming majority of owners who received PPP loans legitimately used the money to retain employees and stay operational. Loans Issued In Mississippi PPP Recipients Browse PPP Loans By State Mississippi Select a City for all PPP loans filed within that jouristiction, or search the entire state filings here: Show entries Search: Processing. Under the law, Mississippi received $1.25 billion. The largest loans were only recorded in the data as ranges. The law firm where House Speaker Philip Gunn works, Wells Marble & Hurst, received between $350,000 and $1 million. About 87% of the loans were for less than $150,000, according . There was an error and we couldn't process your subscription. 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. So here are the links and resources I mentioned. 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. Look for the "Republish This Story" button underneath each story. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. Trump on Saturday signed the extension into law. The fate of Amtraks Gulf Coast return rests with a federal board, They couldve picked Elijah Moore, but Saints drafted Payton Turner. Look for the "Republish This Story" button underneath each story. Any web site our stories appear on must include a contact for your organization. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. 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. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. 177878 177879 The case was brought in Foley Square, New York and is pending. PPP Small Business Relief Will Likely Not Help All. 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. The private equity firm. 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. 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. 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. The Ayn Rand Institute, named for the objectivist writer cited as an influence on libertarian thought, was approved for $350,000 to $ 1 million. Sign up for free newsletters and get more CNBC delivered to your inbox. You have to credit Mississippi Today. PPP Loan Search MS 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. 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. 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. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. Wall Street investment groups, including Semper Capital Management LP and Domini Impact Investments LLC, which manage billions of dollars, also received PPP loans according to Reuters. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. Grace Pateras and Joe Harrington contributed to this story. Our SBA database unveils list of 6.6M recipients Enlarge The SBA PPP loan recipient list includes more than 11.7 million loans made in the nearly $800 billion Covid-19 relief program. The Government alleged that Mr. Martinez acquired approval to issue PPP loans as a non-bank lender and earned over $70 million in lender fees. !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. You can only publish select stories individually not as a collection. 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. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country, said Secretary Steven T. Mnuchin. Tate Reeves also got PPP money. Each small business was supposed to receive a $2,000 check. More than 50 companies reported that the funds would help them hold onto at least 400 employees. Summary of PPP Loans in Mississippi. Help keep the momentum going by rejoining our member community today. 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. Any amount helps us keep producing quality journalism for Mississippi. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. The vast majority of those companies taking part in the program some 38,035 organizations received PPP loans less than $150,000. Democrats have sought assurances that programs established to help Main Street sufficiently reach those who most need it. Grace Pateras and Joe Harrington contributed to this story. 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). Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. John Farrell, a Republican donor and real estate developer also received a PPP loan. But of those that did, white-owned businesses in the state outnumbered all others that got money combined including Black, Hispanic, Asian and American Indian businesses by a five-to-one margin. 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. "The CARES Act was an umbrella act that distributed tons of money. 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). If you share our stories on social media, please tag us in your posts using. - 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? "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. 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. - the ability to be paid for posting The loans have reached diverse communities proportionally, across all income levels and demographics. Franks interviews, articles, and columns have been shared throughout Mississippi as well as in national publications such as the Daily Caller. 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. Click on a company's name to see additional loan details. 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). 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. Bienville Orthopaedic Specialists, L.L.C. More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. Restaurant chains P.F. Dig Deeper: See the full searchable list of who received Mississippi PPP loans. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. Some firms said they didn't receive or apply for the money they're listed as getting. It has approved 4.9 million loans for a total of more than $521 billion. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. This table shows the top 5 industries in Mississippi by number of loans awarded, with average loan amounts and number of jobs reported. 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. You gain access to: 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. Companies said that the funding supported more than 51 million jobs. You can review the data set released by Treasury and SBAto learn more about Mississippi PPP recipients. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. 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. 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? To learn more about our cartoon syndication services. Scallan said the agency is still encouraging small business owners to apply for grants at the following website: www.backtobusinessms.org. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. 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. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. The law firm said in a statement that all of its employees across 12 states kept their jobs with no pay cuts. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. Republish our articles for free, online or in print, under a Creative Commons license. - The Week, Daily Reformer: Hagehan The First Couple Of Minnesota Politics - Patch.com. On average, businesses in the state received about $7,000 per employee. 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 . 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. Several other companies, shown below, received enough in loans to pay each employee over six figures. 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. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. 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. And what do kangaroos have to do with it? Most of those that answered were white and male-owned, shown below: Use the tables below for full lists of Mississippis PPP recipients, by business and industry. 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. Borrowers are eligible for full forgiveness as long as they maintain the same level of employment and compensation for a certain period and spend most of the loan on their payroll. The bill Congress passed to replenish the program in April included $60 billion specifically for small lenders in response to concerns about businesses without a traditional banking relationship accessing loans. Below is a list of South Mississippi business that received PPP loans . 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? Treasury Secretary Steven Mnuchin sparked an outcry from Democratswhenheoriginallyimplied that theTrump administration would not disclose the names of participants. Mississippi companies reported the aid will help them retain about 412,000 jobs about one-third of the state's total workforce. - The Atlantic, The Fountainhead Reading Group with Andrew Bernstein - The Objective Standard, Copyright 2000 to 2023 Prometheism Transhumanism Post Humanism. Browse & Search CARES Act PPP Recipients by Company names The following data was provided by the SBA & US Treasury Department showing a breakdown of all the name of companies who received PPP loans over $150,000. Northeast wind 0 to 5 mph. On average, businesses in the state received about $7,000 per employee. In Mississippi, nearly all 96% of loans were directed towards payrolls. Graphics by CNBC's John Schoen. - TheArticle, Is Ethereum left and Bitcoin right? Gov. With your help, we've gotten a lot done but we're not finished yet! - 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. The association said the "vast majority" of the loans originated at banks headquartered in the state. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. In Mississippi, nearly all 96% of loans were directed towards payrolls. Get this delivered to your inbox, and more info about our products and services. Separately, Mississippi is in the process of distributing grants to many small businesses using federal funds it received for virus relief. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. SBA and Treasury to release names of largest PPP loan recipients. The program was initially rolled out in April, offering $349 billion to small businesses. If you share our stories on social media, please tag us in your posts using. Some members of the land title industry were among the recipients, as there were at least 5 loans to title companies (closing offices) in the $150,000 to $350,000 bracket. The loan data also include demographics of the borrowers, although most businesses left those fields blank. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Three Hispanic, two Asian and zero American Indian businesses reported receiving at least that amount. 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. Rep VickyHartzler, R-Mo., on Thursday disclosed that her family's businesses received nearly $480,000. A Division of NBCUniversal. The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. Secret IRS data shows it's paying off - Salon, Heres hoping this USC/UCLA-Big Ten merger careens off the track, crashes and burns | Jones - PennLive, LETTER: Thank cadre deployment and BEE for the mess - BusinessLIVE, Why The Racist Left Smears Clarence Thomas As An 'Angry Black Man' - The Federalist, This Is the Most Important Decision You Can Make To Increase Sales Right Now! In total, over 79,000 businesses in Mississippi have been approved for 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. 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 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. PPP loans helped businesses retain nearly 48,000 employees in our state. According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs. On average, businesses in the state received about $7,000 per employee. 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. There was an error and we couldn't process your subscription. 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. 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. Most businesses applying for loans also did not disclose the gender of their ownership. This disclosure covers each of the 4.9 million PPP loans that have been made. Help keep the momentum going by rejoining our member community today. The US government recently added a second round of $310 billion to PPP loan program. 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. 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. 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. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. The PPP Loan Fraud List - PPP Fraud | Who got a PPP LOAN 2021 P Mathis The Accountant 4.83K subscribers Subscribe 2.1K Share 113K views Streamed 1 year ago Are you considering applying for. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. 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. This is NOT a directory of companies that received a loan using SBA.com loan request service. 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. - and much more! - 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. Credit: Eric J. Shelton/Mississippi Today, If you are an existing Print subscriber click. Contact Giacomo "Jack" Bologna at 601-961-7282 or [email protected]. Businesses in economically distressed areas as designated by the SBA got nearly 23% of the loan money, while companies in rural areas received about 15% of the funds. About 87% of the loans were for less than $150,000, according to the SBA. following organizations: Whoops! According to state filings, the company is now run by the son of Michael Retzer, who previously served as chairman of the Mississippi Republican Party, treasurer of the Republican National Committee and U.S. Does something look fishy to you? The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. PAW Patrol Wasn't Canceled. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. 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. Most of those that answered were white and male-owned, shown below: Use the tables below for full lists of Misssissippi's PPP recipients, by business and industry: -- Article credit to Alex Rozier of Mississippi Today --. Who will win? Search MS Businesses Results @lukerehmann Southern States Utility Trailer Sales Inc. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. Click Our stories may appear on pages with ads, but not ads specifically sold against our stories. No city is better suited to serve as a hub for innovation and growth than Gulfport, Mayor Hewes writes. - profiles and social posts 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. In Mississippi, nearly all 96% of loans were directed towards payrolls. 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. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. He is a frequent guest on radio and television, providing insight and commentary on the inner workings of the Magnolia State. 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. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. Below is a chart of the types of businesses receiving the most money in Mississippi: var divElement = document.getElementById('viz1594145011552'); 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); Some Mississippi borrowers receiving between $5-$10 million in those categories include GI Associates, a gastroenterology group in Flowood, Ridgeland-based law firm Butler Snow, and two restaurant companies, Mid River Restaurants in Natchez and The Retzer Group in Greenville. 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. Dozens of private and charter schools got aid. 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.