To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Internationally, South Korean airline Korean Air received a PPP loan. 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. The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. of Loans Jobs Retained Graphics by CNBC's John Schoen. 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. Who will win? 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. Any amount helps us keep producing quality journalism for Mississippi. But We Wish It Had Been - Fatherly, A field guide to the pandemic deniers - Salon, Mastodon, Tool, Coheed + Cambria, Primus Members Team on Cover of Rush's 'Anthem' - Loudwire, Daddy Ducey had his chance to deal with COVID; It's time to call Mom | What the Devil won't tell you - TucsonSentinel.com, Peter Bart: How Hollywood Learned That Mixing Politics And Art Can Turn Big Ideas Into B-Pictures - Deadline, The saga of the doctor versus the denier continues - Antelope Valley Press, Making it on your own in pandemic | Opinion - News-Press Now, Every generation gets 'The Baby-Sitters Club' it deserves - SFGate, How Amber Heard went from a small town in Texas to centre stage in Hollywood's most explosive trial yet - Evening Standard, Big problems with the Paycheck Protection Program? Those in excess of $150,000 break down as follows: The spectrum of businesses receiving PPP loans crossed practically every segment of the Mississippi economy. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. LEARN MORE ABOUT WHO QUALIFIES BY CLICKING HERE. We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. - 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? If you do not have an existing account, you can also easily use an existing Google, Facebook or Apple account. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. Restaurant chains like P.F. The released data also include information about smaller loan recipients, but excluded their names. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. - Noozhawk, Happy birthday to the great Ayn Rand - OCRegister, Letter to the editor about Clowns to the left of me, jokers to the right. - Daily Herald, The Strange and Terrifying Ideas of Neoreactionaries Current Affairs - Current Affairs, Martin Scorsese, Objectivism, Relativism, and How We Read Cinema - No Film School, Ayn Rand, Objectivists, and COVID - Science Based Medicine, Ayn Rand vs. 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. 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. Release from the U.S. Department of Treasury. Clear, with a low around 41. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Read more. 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. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. !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. Below is a list of South Mississippi business that received PPP loans . - The Week, Daily Reformer: Hagehan The First Couple Of Minnesota Politics - Patch.com. We want to hear from you. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $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. If you are an existing Print subscriber click HERE for your login info. Internationally, South Korean airline Korean Air received a PPP loan. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. If you do not have an existing account, you can also easily register or login with an existing Google, Facebook or Apple account. Your California Privacy Rights / Privacy Policy. You can search the SBA's entire PPP loan data below. 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 . In 2019, Alex was a grantee through the Pulitzer Centers Connected Coastlines program, which supported his coverage around the impact of climate change on Mississippi fisheries. The 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. Those in excess of $150,000 break down as follows: $5M - $10M: 16 Recipients. The company is investing $2.4 million in their Mississippi operation and adding 32 new jobs. Any web site our stories appear on must include a contact for your organization. [The full list is available on the Small Business Administration website, which you can access here.]. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. We believe that an informed Mississippi is a better Mississippi. St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. 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. You cant edit our stories, except to reflect relative changes in time, location and editorial style. If you share our stories on social media, please tag us in your posts using. How's the return to office going? We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. 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. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. Businesses linked to Gov. Posted on February 27, 2023 by laguardia airport food terminal c - 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? - 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. Click Grace Pateras and Joe Harrington contributed to this story. Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. To learn more about our cartoon syndication services. 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). It further contains data showing the reach of the program in underserved communities, rural communities, historically underutilized business zones (HUBZones), and participation by religious, grantmaking, civil, professional, and other similar organizations. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. - two free years of archived e-Editions Bienville Orthopaedic Specialists, L.L.C. It has approved 4.9 million loans for a total of more than $521 billion. 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. Narrow the list by typing in a business or city name. In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. Mississippi companies reported the aid will help them retain about 412,000 jobs about one-third of the state's total workforce. 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. About 87% of the loans were for less than $150,000, according . - Science Based Medicine, O'Donnell: Will the NBA's new red-light camera calls ruin The Finals for ABC/ESPN? 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. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. The SBA's list divides the PPP loan 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. By joining our newsletter, you are confirming that you agree with the Privacy Policy, Frank Corder is a native of Pascagoula. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. On average, businesses in the state received about $7,000 per employee. Medical businessessuffered deep revenue losses during the pandemic as normal lucrative procedures and treatments were put on pause to handle the virus. The association said the "vast majority" of the loans originated at banks headquartered in the state. Ambassador to Tanzania. 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. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. Look for the "Republish This Story" button underneath each story. Any amount helps us keep producing quality journalism for Mississippi. Separately, Mississippi is in the process of distributing grants to many small businesses using federal funds it received for virus relief. More than 40% of Black small business owners wereforced to close shop as result of the pandemic. You gain access to: 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. Grace Pateras and Joe Harrington contributed to this story. | 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? a proud member of the 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. There is not an exact figure because many of these loans are disclosed in ranges. 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. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. 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). Niche movie theater chain Alamo Drafthouse received a loan of at least $5 million. 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. 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. Dozens of private and charter schools got aid. The largest loans were only recorded in the data as ranges. No city is better suited to serve as a hub for innovation and growth than Gulfport, Mayor Hewes writes. Help keep the momentum going by rejoining our member community today. 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. 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. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. Credit: Eric J. Shelton/Mississippi Today, If you are an existing Print subscriber click. Frank has served his community in both elected and appointed public office, hosted his own local radio and television programs, and managed private businesses all while being an engaged husband and father. We believe that an informed Mississippi is a better Mississippi. 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. Revealed: How U.S. Gov't & Hollywood Secretly Worked Together to Justify Atomic Bombings of Japan - Democracy Now! 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? by Alex Rozier, Mississippi Today July 7, 2020, This and is republished here under a Creative Commons license.. 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. Both businesses were approved to receive between $150,000 and $350,000 each. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. On average, businesses in the state received about $7,000 per employee. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. John Farrell, a Republican donor and real estate developer also received a PPP loan. The online vehicle marketplace company quadrupled its sales in just one year after beginning operation in January 2021. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. Scallan said the agency is still encouraging small business owners to apply for grants at the following website: www.backtobusinessms.org. There was an error and we couldn't process your subscription. Of the Mississippi businesses that did answer, 75 percent were male, and 83 percent were white. The loans have reached diverse communities proportionally, across all income levels and demographics. There is further data we're working on for the loans under $150k however so check back in the future for that. Yet franchisees in Mississippi from dozens of large national chains came away with millions in loans; 28 of McDonalds locations in Mississippi, for instance, received a combined $14.8 million, despite the chain being a multinational corporation that made $4.7 billion in profit last year. A handful of Mississippi's private colleges also received assistance. The fate of Amtraks Gulf Coast return rests with a federal board, They couldve picked Elijah Moore, but Saints drafted Payton Turner. Clarification: The story has been edited to clarify that franchisees of national chains applied and received PPP loans rather than the chains corporate bodies. 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. The US government recently added a second round of $310 billion to PPP loan program. 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. 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), Legislatures top leaders test positive for coronavirus, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. a proud member of the 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 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. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. 2023 Magnolia Tribune. But of those that did, men-owned businesses receiving loans outnumbered women-owned firms by about three-to-one. This company embraced the coronavirus economy and now it is hiring workers. 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. The loan data also include demographics of the borrowers, although most businesses left those fields blank. Gov. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. You can review the data set released by Treasury and SBAto learn more about Mississippi PPP recipients. Loan Range No. In Mississippi, nearly all 96% of loans were directed towards payrolls. A Division of NBCUniversal. Each small business was supposed to receive a $2,000 check. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. All rights reserved. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. In Mississippi, nearly all 96% of loans were directed towards payrolls. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. 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 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. About 87% of the loans were for less than $150,000, according to the SBA. Tate Reeves also got PPP money. to view this author's last article or Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. 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. Grace Pateras and Joe Harrington contributed to this story. You can only publish select stories individually not as a collection. 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 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. Franks interviews, articles, and columns have been shared throughout Mississippi as well as in national publications such as the Daily Caller. 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. 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. 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. 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. 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? Some 3,890 Mississippi companies received PPP loans in excess of $150,000. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. Report it to the Small Business Administrations with just a few clicks. We're dedicated to keeping Mississippians informed with our thorough reporting. 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. 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. This is NOT a directory of companies that received a loan using SBA.com loan request service. Three Hispanic, two Asian and zero American Indian businesses reported receiving at least that amount. Rep VickyHartzler, R-Mo., on Thursday disclosed that her family's businesses received nearly $480,000. Our stories may appear on pages with ads, but not ads specifically sold against our stories. 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.
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