On July 6, 2020, the federal government released the names of 45,815 companies and organizations in Mississippi that received Paycheck Protection Program (PPP) loans, which were designed to keep the economy afloat during the coronavirus. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. Numerous news organizations received PPP loans: Forbes Media got at least $5 million; The Washington Times got at least $1 million; The Washingtonian got at least $350,000; The Daily Caller received at least $350,000 and The Daily Caller News Foundation got at least $150,000; The American Prospect received at least $150,000. 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 SBA states that the PPP program is designed to help small businesses keep workers on payroll. You cant edit our stories, except to reflect relative changes in time, location and editorial style. There was an error and we couldn't process your subscription. Any amount helps us keep producing quality journalism for Mississippi. At least 20 Mississippi hospitals received PPP money, with numerous dentists' and doctors' offices also getting the loans. In Mississippi, nearly all 96% of loans were directed towards payrolls. So here are the links and resources I mentioned. Dozens of private and charter schools got aid. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. 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 goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. 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. - South Carolina Public Radio, Did the John Birch Society Win in the End? !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. 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. Businesses in California ,Texas and New York that received loans reported having about 4.1 million, 2.7 million and 2 million total employees, respectively. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. 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. 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. 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? 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. About 87% of the loans were for less than $150,000, according . Ambassador to Tanzania. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. - 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. - and much more! With your help, we've gotten a lot done but we're not finished yet! If you do not have an existing account, you can also easily use an existing Google, Facebook or Apple account. 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. The program has about $132 billion in funding remaining. 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. Click 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. There was an error and we couldn't process your subscription. All rights reserved. - two free years of archived e-Editions 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 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. - Left Foot Forward, Frank Lloyd Wright Left 660 Unbuilt Designs And an Innovative New Project Brings Three of Those to Life - InsideHook, American Familia: David Morales on Grit, Self-Reliance, and the American Dream | Kerry McDonald - Foundation for Economic Education, Top 10 buildings in fiction - The Guardian, Trump can now count on Thiel, the hi-tech billionaire who finances his revenge Corriere.it - D1SoftballNews.com, Objectivism Q&A with Ben Bayer and Mike Mazza - New Ideal, Leftists And So-Called Christian Leaders Embrace Abortion As 'Sacred' - The Federalist, A Companion to Ayn Rand Now in Paperback - New Ideal, Happy birthday to the great Ayn Rand Daily Breeze, Randy Alcorn: Whats Wrong with America? 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 Ayn Rand Institute received a loan and defended it on Twitter. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. Got a confidential news tip? Grace Pateras and Joe Harrington contributed to this story. About 87% of the loans were for less than $150,000, according to the SBA. 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. For a full breakdown of which businesses received loans of $150,000 or more, see the tables below: !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}}))}(); Disclosure: Mississippi Today sought a Paycheck Protection Program loan, which has been approved and disbursed. Under the law, Mississippi received $1.25 billion. Based on data from National Weather Service and OpenWeather. In Mississippi, nearly all 96% of loans were directed towards payrolls. Businesses linked to Gov. John Farrell, a Republican donor and real estate developer also received a PPP loan. 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.. 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. This field is for validation purposes and should be left unchanged. The US government recently added a second round of $310 billion to PPP loan program. 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. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. Most businesses applying for loans also did not disclose the gender of their ownership. 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. As was the case after the first round of the Paycheck Protection Program last summer, the states top recipients so far include restaurants, doctors and dentists offices, legal practices, construction companies, car dealers, hotels and religious organizations. Loan Range No. Summary of PPP Loans in Mississippi. You gain access to: Doctors offices, restaurants and car dealers were the top businesses in Mississippi to receive loans from the $2 trillion coronavirus relief package signed into law this spring. Clear, with a low around 41. Copyright 2022 PPP Directory. If you share our stories on social media, please tag us in your posts using. 2023 Magnolia Tribune. The vast majority of Mississippi loan recipients,more than 30,000,did not appear to provide information in their applications about race and ethnicity of ownership. Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? 2023 - Land Title Association of Mississippi, Supreme Court will hear a case challenging CFPB funding, ALTA Applauds Passage of SECURE Notarization Act in the House of Representatives, Title Companys Crime Policy Covers Fraudulent Wire Transfer, Central Florida Court Research and Document Retrieval. - 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? Included in the data were car dealerships, nonprofit organizations, churches, oil and gas industry support companies, medical practices, zoos, law firms, and colleges. Narrow the list by typing in a business or city name. We want to hear from you. - 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? This table shows the top 5 industries in Mississippi by number of loans awarded, with average loan amounts and number of jobs reported. This year alone, nearly a hundred thousand Mississippians received $2.3 billion in PPP loans from the CARES Act, which provided much-needed financial assistance to business owners. Grace Pateras and Joe Harrington contributed to this story. If you do not have an existing account, you can also easily register or login with an existing Google, Facebook or Apple account. 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. 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. following organizations: Whoops! Companies said that the funding supported more than 51 million jobs. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. Get this delivered to your inbox, and more info about our products and services. The program's critics have expressed concern that the amount of untapped funds could show that rural or minority-owned businesses with weaker or no banking relationships have had trouble accessing relief money. Some firms said they didn't receive or apply for the money they're listed as getting. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. - 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. On average, businesses in the state received about $7,000 per employee. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. In Mississippi, nearly all 96% of loans were directed towards payrolls. Our stories may appear on pages with ads, but not ads specifically sold against our stories. 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. of Loans Jobs Retained Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Does something look fishy to you? The released data also include information about smaller loan recipients, but excluded their names. According to Business Insider, you may be out of luck and too late to receive funding. PPP Small Business Relief Will Likely Not Help All. At least two casino companies and a pair of yacht clubs on the Coast received funds as well. 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. Many colleges have taken a financial hit after refunding students for room, board and other fees that come with attending class in-person. You can only publish select stories individually not as a collection. The spectrum of businesses receiving PPP loans crossed . The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. The Small Business Administration has released a list of businesses that have received emergency pandemic. Follow him on Twitter @gbolognaCL. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. Treasury Secretary Steven Mnuchin sparked an outcry from Democratswhenheoriginallyimplied that theTrump administration would not disclose the names of participants. The Ayn Rand Institute received a loan and defended it on Twitter. Why PPP Loan Recipients in Mississippi Could Be at Risk Any web site our stories appear on must include a contact for your organization. Several other companies, shown below, received enough in loans to pay each employee over six figures. Franks interviews, articles, and columns have been shared throughout Mississippi as well as in national publications such as the Daily Caller. According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs. You have to credit Mississippi Today. - Noozhawk, Happy birthday to the great Ayn Rand - OCRegister, Letter to the editor about Clowns to the left of me, jokers to the right. SBA and Treasury to release names of largest PPP loan recipients. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. - 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. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. - 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? More than 50 individual churches received $150,000 or more. More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. Trusted Partners Your Business? Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. - Study Breaks, Get Ready for a Week of Unhinged Attacks on Biden and Harris - The Bulwark. PPP Loans List. 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. The US government recently added a second round of $310 billion to PPP loan program. 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. 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. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. 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. Southern States Utility Trailer Sales Inc. 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. This disclosure covers each of the 4.9 million PPP loans that have been made. to see all of their content. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. Narrow the list by typing in a business or city name. Tate Reeves also got PPP money. The loans have reached diverse communities proportionally, across all income levels and demographics. 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. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. Search MS Businesses Results @lukerehmann The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. We prefer Author Name, Mississippi Today in the byline. Religious groups in the state received between $53 and $80 million, spread across 80 different organizations. - 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? - Vox.com, Conservative Theologically, but Liberal Politically | Gene Veith - Patheos, Who is Jonathan Swan, the reporter who grilled Trump? The online vehicle marketplace company quadrupled its sales in just one year after beginning operation in January 2021. The woman submitted two fraudulent PPP loan applications, and was sentenced to three years of probation and ordered to pay full restitution of the fraudulently obtained loan. In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. here 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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 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. Any amount helps us keep producing quality journalism for Mississippi. Wochit. Your California Privacy Rights / Privacy Policy. 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. Democrats have sought assurances that programs established to help Main Street sufficiently reach those who most need it. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. More than 40% of Black small business owners wereforced to close shop as result of the pandemic. The program was initially rolled out in April, offering $349 billion to small businesses. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. 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. Almost 4,000 women-owned businesses reported receiving loans. John Farrell, a Republican donor and real estate developer also received a PPP loan. 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. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Time will tell, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. The US government recently added a second round of $310 billion to PPP loan program. 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. Separately, Mississippi is in the process of distributing grants to many small businesses using federal funds it received for virus relief.

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