mississippi ppp loan recipients list mississippi ppp loan recipients list

At least 20 Mississippi hospitals received PPP money, with numerous dentists' and doctors' offices also getting the loans. Niche movie theater chain Alamo Drafthouse received a loan of at least $5 million. - Federal Regulations Advisor, The Daily Cartoon and Live Briefing: Monday, May 9, 2022 - FlaglerLive.com, Victory at San Jacinto liberated the individual | Opinion | jacksonvilleprogress.com - Jacksonville Daily Progress, RUSH's GEDDY LEE Says NEIL PEART 'Didn't Want Anyone To Know' About His Illness: 'He Wanted To Keep It In The House' - BLABBERMOUTH.NET, The Alternative Meat Industry Wants Solar Power Style Mandates And Subsidies - Science 2.0, diSConnected: Is Ayn Rand or Mother Teresa better for protecting South Carolinians with disabilities? Loan Range No. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. 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. More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. A handful of Mississippi's private colleges also received assistance. 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 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. LEARN MORE ABOUT WHO QUALIFIES BY CLICKING HERE. 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. 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. 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. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. Each small business was supposed to receive a $2,000 check. 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. You can review the data set released by Treasury and SBAto learn more about Mississippi PPP recipients. The loan data also include demographics of the borrowers, although most businesses left those fields blank. By clicking submit, you agree to share your email address with Mississippi Today. 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. Of the money, $240 was designated for a small business grant program, called Back to Business Mississippi, and businesses impacted by COVID-19 are eligible for up to $25,000 of grant money to cover certain expenses. You cant edit our stories, except to reflect relative changes in time, location and editorial style. examining federal efforts to prevent, detect, and prosecute pandemic relief fraud to safeguard funds for all eligible americans 117th congress (2021-2022) 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. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. 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. The Ayn Rand Institute received a loan and defended it on Twitter. Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. 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. "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. 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. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. $1M - $2M: 291 Recipients. The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. 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. California students call to remove Ronald Reagan, Margaret Thatcher busts - Campus Reform, The GOP Are Standing on Trump's Sinking Ship, But Democrats Need a Vision Beyond Electing Biden - Common Dreams, Is Donald Trump the Republican Partys future, or its past? In total, over 79,000 businesses in Mississippi have been approved for PPP loans. 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. 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. Restaurant chains like P.F. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. Help keep the momentum going by rejoining our member community 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. For PPP Loans under $150,000 in Mississippi click here. Lawmakers drew up a list of specific industries and estimated that there were about 30,000 small business within those industries. Republish our articles for free, online or in print, under a Creative Commons license. The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' With your help, we've gotten a lot done but we're not finished yet! Republish our articles for free, online or in print, under a Creative Commons license. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. "This money helped us bridge a gap to keep people gainfully employed," the statement said. Copyright 2022 PPP Directory. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. Follow him on Twitter @gbolognaCL. 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. Read more. 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. According to Business Insider, you may be out of luck and too late to receive funding. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. All Rights Reserved. This company embraced the coronavirus economy and now it is hiring workers. - Forward, The limits of Justice Ketanji Brown Jacksons power - Fortune, Race Across The World and Louis Theroux Interviews among new BBC Factual and Arts slate - Royal Television Society |, Fool Britannia: sloppy Tory treatise a hint of horrible things to come - Crikey, Day one at the Tory conference: Industry cries out for stability but U-turns and uncertainty continue - Building. 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. 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. 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. 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 biggest loans went toconstruction contractors such as F.L. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. 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. 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. 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. to see all of their content. Central Mississippi Civic Improvement Association, Inc. Commercial and Institutional Building Construction, Seafood Product Preparation and Packaging, East Mississippi Electric Power Association. 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. Bienville Orthopaedic Specialists, L.L.C. - 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? - 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. - Study Breaks, Get Ready for a Week of Unhinged Attacks on Biden and Harris - The Bulwark. [The full list is available on the Small Business Administration website, which you can access here.]. The program has about $132 billion in funding remaining. - Newsweek, Objectivism Q&A with Ben Bayer and Dan Schwartz - New Ideal, Book Banning Is Wrong Unless It Gets Me Out of Helping My Kid With His Homework - The Hard Times, THE TEACHER'S DESK: Breaking the Rules | Opinion | thetimestribune.com - Times Tribune of Corbin, If Big Ten didnt just add lucrative programs like USC but trimmed stragglers, whod get the boot? Some 3,890 Mississippi companies received PPP loans in excess of $150,000. Companies said that the funding supported more than 51 million jobs. Help keep the momentum going by rejoining our member community today. Todays data shows that small businesses of all types and across all industries benefited from this unprecedented program. There were several errors in the database, so it's not clear whether all the companies listed received the funds. The U.S. government. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). 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? The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. There was an error and we couldn't process your subscription. 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 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. To learn more about our cartoon syndication services. The Mississippi Department of Revenue is in charge of distributing $60 million to businesses that were forced to close by the governor's orders. 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. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. 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 program was initially rolled out in April, offering $349 billion to small businesses. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. In Mississippi, nearly all 96% of loans were directed towards payrolls. In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Find Latest SBA PPP Loan Details Search by Business name, city, state, loan amount etc Search Loan Details 1 2 3 4 5 6 7 8 9 10 . The Ayn Rand Institute received a loan and defended it on Twitter. Democrats have sought assurances that programs established to help Main Street sufficiently reach those who most need it. Internationally, South Korean airline Korean Air received a PPP loan. If you share our stories on social media, please tag us in your posts using. 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. MDA Spokeswoman Melissa Scallan said MDA is currently reviewing applications and could be issuing checks as early as this week or next week. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. Who will win? 2023 www.clarionledger.com. Why PPP Loan Recipients in Mississippi Could Be at Risk Almost 4,000 women-owned businesses reported receiving loans. Southern States Utility Trailer Sales Inc. 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. 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. Internationally, South Korean airline Korean Air received a PPP loan. John Farrell, a Republican donor and real estate developer also received a PPP loan. Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. 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. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. following organizations: Whoops! In Mississippi, nearly all 96% of loans were directed towards payrolls. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). - Vox.com, Conservative Theologically, but Liberal Politically | Gene Veith - Patheos, Who is Jonathan Swan, the reporter who grilled Trump? This table shows the top 5 industries in Mississippi by number of loans awarded, with average loan amounts and number of jobs reported. 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 spectrum of businesses receiving PPP loans crossed . While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. 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. 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. 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? Help us crowdsource fraud detection in the PPP program! 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. 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. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. 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! On average, businesses in the state received about $7,000 per employee. So did theLos Angeles Lakers. We prefer Author Name, Mississippi Today in the byline. Narrow the list by typing in a business or city name. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. Click The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. 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.