The vast majority of those companies taking part in the program some 38,035 organizations received PPP loans less than $150,000. Graphics by CNBC's John Schoen. 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? 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 fate of Amtraks Gulf Coast return rests with a federal board, They couldve picked Elijah Moore, but Saints drafted Payton Turner. "The CARES Act was an umbrella act that distributed tons of 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. Please reload the page and try again. Got a confidential news tip? Republish our articles for free, online or in print, under a Creative Commons license. Grace Pateras and Joe Harrington contributed to this story. About 87% of the loans were for less than $150,000, according . We're dedicated to keeping Mississippians informed with our thorough reporting. - 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. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. Any amount helps us keep producing quality journalism for Mississippi. 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. Follow him on Twitter @gbolognaCL. 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. Several other companies, shown below, received enough in loans to pay each employee over six figures. There was an error and we couldn't process your subscription. Restaurant chains like P.F. - Scuttlebutt Sailing News, Bill Maher Addressed an Eventful Political Week on Real Time - InsideHook, Letter: The rules of life are very simple - Detroit Lakes Tribune, The Banality of Putin and Xi | Yaron Brook and Elan Journo - IAI, American culture is destroying itself, and the planet, says leading activist Bill McKibben - Yahoo Philippines News, Is Discussing the Consequences of Anti-Vaccine Disinformation Fun? Clear, with a low around 41. The Retzer Group, which operates McDonald's franchises, got at least $5 in PPP money. a proud member of the 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. Look for the "Republish This Story" button underneath each story. - 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. 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. 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. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. This is NOT a directory of companies that received a loan using SBA.com loan request service. A searchable database of federal 2020 Paycheck Protection Program loans. champion wins almost $60,000 in 7th consecutive win, over $220,000 total - Press of Atlantic City, Will Amanda Seyfried (The Dropout) ride her Emmy high all the way to a SAG Award win? 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. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. PPP Loans List. We do not sell or share your information with anyone. The Ayn Rand Institute received a loan and defended it on Twitter. 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. In three months, this Administration was able to act quickly to get funding into the hands of those who faced enormous obstacles as a result of the pandemic. You have to credit Mississippi Today. By clicking submit, you agree to share your email address with Mississippi Today. The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. Three Hispanic, two Asian and zero American Indian businesses reported receiving at least that amount. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. MDA Spokeswoman Melissa Scallan said MDA is currently reviewing applications and could be issuing checks as early as this week or next week. But about 3,500 Mississippi businesses that received PPP loans said they would retain zero jobs with the money. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. 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. Companies said that the funding supported more than 51 million jobs. With your help, we've gotten a lot done but we're not finished yet! 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. 2023 Magnolia Tribune. Niche movie theater chain Alamo Drafthouse received a loan of at least $5 million. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. 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. - Noozhawk, Happy birthday to the great Ayn Rand - OCRegister, Letter to the editor about Clowns to the left of me, jokers to the right. 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. To learn more about our cartoon syndication services. 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. 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. Loan Range No. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. 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. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. In fact, the franchise locations combined for each of McDonalds, Sonic, Applebees and General Motors received more in loans than any of the states non-franchise businesses. - The Bulwark, Members Outspoken on The Left's Priorities - AMAC - The Association of Mature American Citizens - AMAC, diSConnected: Is Ayn Rand or Mother Teresa better for protecting South Carolinians with disabilities? - The Week, Daily Reformer: Hagehan The First Couple Of Minnesota Politics - Patch.com. 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. of Loans Jobs Retained - the ability to be paid for posting The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. 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. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. 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. Political organizations also received loans: The Ohio Democratic Party got at least $150,000 and the Florida Democratic Party Building Fund got at least $350,000, while the Women's National Republican Club of New York got at least $350,000, the Black Republican Caucus in Florida got at least $150,000. 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. 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. 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 overwhelming majority of owners who received PPP loans legitimately used the money to retain employees and stay operational. The largest loans were only. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. 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. Wochit. 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. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. Lawmakers drew up a list of specific industries and estimated that there were about 30,000 small business within those industries. 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. - The Bulwark, Boris Johnsons Covid bravado insults the NHS and the public - The Guardian, Science Fiction in a Time of Crisis - Filmmaker Magazine, The criticism facing Rishi Sunak has nothing to do with race, and all to do with greed - iNews, Zack Snyder's Star Wars-Themed Movie Recruits The Princess Bride Star - Giant Freakin Robot, Debate sparked after University of Bristol students try to 'cancel' controversial speaker - Bristol Live, Rishi Sunak is a terrible bloke, regardless of his wife's finances - JOE.co.uk, Understanding the Roots of the New Inflation: With Rob Tarr - New Ideal, First Wind Film Development To Adapt Rick Bleiweiss Blackstone Novel Pignon Scorbion And The Barbershop Detectives For TV - Deadline, 'My jagged path to cap and gown': Reflections from a 23-year-old expectant high school graduate - Kennebec Journal and Morning Sentinel, Don't Believe The Hype: The Left Wish They Ran Cancel Culture Like This - Above the Law, Who is John Malone, the 'Cable Cowboy' and GB News backer who could buy Channel 4? 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. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Grace Pateras and Joe Harrington contributed to this story. Who will win? Read more. This table shows the top 5 industries in Mississippi by number of loans awarded, with average loan amounts and number of jobs reported. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. Religious groups in the state received between $53 and $80 million, spread across 80 different organizations. With your help, we've gotten a lot done but we're not finished yet! Your California Privacy Rights / Privacy Policy. Posted on February 27, 2023 by laguardia airport food terminal c His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. Paycheck Protection Program (PPP) loans have aided more than 5.2 million small business owners, providing a much-needed lifeline during the Coronavirus outbreak crisis. Democrats have sought assurances that programs established to help Main Street sufficiently reach those who most need it. St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. by Alex Rozier, Mississippi Today July 7, 2020, This and is republished here under a Creative Commons license.. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending 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. 2023 CNBC LLC. 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. 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. They included Jackson Academy and Jackson Prep, which both received at least $1 million. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. In Mississippi, nearly all 96% of loans were directed towards payrolls. On average, businesses in the state received about $7,000 per employee. Republish our articles for free, online or in print, under a Creative Commons license. - Study Breaks, Get Ready for a Week of Unhinged Attacks on Biden and Harris - The Bulwark. All Rights Reserved. The average amount was about $69,000, the lowest in the country. Butler Snow, among the state's most powerful law firms, was able to retain 486 jobs thanks to the $5-10 million it received, according to PPP data. Dozens of private and charter schools got aid. We believe that an informed Mississippi is a better Mississippi. Get Funding & Growth Help Get Started For Free The company is investing $2.4 million in their Mississippi operation and adding 32 new jobs. Sign up for free newsletters and get more CNBC delivered to your inbox. Updated July 25, 2022 Search for PPP loan applications by organization, lender, zip code and business type. - The Atlantic, The Fountainhead Reading Group with Andrew Bernstein - The Objective Standard, Copyright 2000 to 2023 Prometheism Transhumanism Post Humanism. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. 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. 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. Millsaps, Tougaloo and Rust colleges each receivedbetween $2 million and $5 million. $1M - $2M: 291 Recipients. 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. Franks interviews, articles, and columns have been shared throughout Mississippi as well as in national publications such as the Daily Caller. The Skip team has been one of the top resources in the US for SBA-related funding and other private funding options since 2020. We want to hear from you. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. The Ayn Rand Institute received a loan and defended it on Twitter. 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. This field is for validation purposes and should be left unchanged. Any amount helps us keep producing quality journalism for Mississippi. Businesses linked to Gov. On average, businesses in the state received about $7,000 per employee. - South Carolina Public Radio, Boris Johnsons Covid bravado insults the NHS and the public - The Guardian, The criticism facing Rishi Sunak has nothing to do with race, and all to do with greed - iNews, Aaron Rodgers Loves Ayn Rand's Atlas Shrugged and We're Not Shocked - Esquire, Boris Johnson and the woeful and costly Tory war on woke - The Japan Times, Has the Great Barrington Declaration been vindicated? For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. Manley said that business owners who did not receive a check, but felt they qualified should email covid19relief@dor.ms.gov with their business name, account number and the reason they believe their business met the criteria for the $2,000 check. following organizations: Whoops! 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. The sum total of loans amounts to in excess of $521 billion, and in a statement, Treasury Secretary Steve Mnuchin remarked, "The PPP is providing much-needed relief to millions of American small . 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). A Division of NBCUniversal. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Meanwhile, 78 white business owners received loans for at least $1 million. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. If you share our stories on social media, please tag us in your posts using. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 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. Grace Pateras and Joe Harrington contributed to this story. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. The Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. 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 .