mississippi ppp loan recipients list

You cant edit our stories, except to reflect relative changes in time, location and editorial style. You can only publish select stories individually not as a collection. Niche movie theater chain Alamo Drafthouse received a loan of at least $5 million. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. 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. The Ayn Rand Institute received a loan and defended it on Twitter. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. 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. 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. You have to credit Mississippi Today. 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. 2023 www.clarionledger.com. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. 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. More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. 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. Joseph Kushner Hebrew Academy in New Jersey, which is named after Trump's son-in-law and advisor Jared Kushner's grandfather, got a loan in the range of $1 million to $2 million. - TheArticle, Is Ethereum left and Bitcoin right? - Science Based Medicine, O'Donnell: Will the NBA's new red-light camera calls ruin The Finals for ABC/ESPN? The online vehicle marketplace company quadrupled its sales in just one year after beginning operation in January 2021. The Ayn Rand Institute received a loan and defended it on Twitter. Dig Deeper: See the full searchable list of who received Mississippi PPP loans. Of the Mississippi businesses that did answer, 75 percent were male, and 83 percent were white. $1M - $2M: 291 Recipients. And more than 1,000 recipients apparently did not answer the question about saving jobs at all, according to the data. We prefer Author Name, Mississippi Today in the byline. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding. They included Jackson Academy and Jackson Prep, which both received at least $1 million. 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 total, over 79,000 businesses in Mississippi have been approved for PPP loans. Grace Pateras and Joe Harrington contributed to this story. 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. "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. In Mississippi, nearly all 96% of loans were directed towards payrolls. Grace Pateras and Joe Harrington contributed to this story. 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. Most businesses applying for loans also did not disclose the gender of their ownership. Email Frank: frank@magnoliatribune.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. 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. Narrow the list by typing in a business or city name. 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. We believe that an informed Mississippi is a better Mississippi. 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. Your California Privacy Rights / Privacy Policy. According to Business Insider, you may be out of luck and too late to receive funding. The released data also include information about smaller loan recipients, but excluded their names. St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. The private equity firm. examining federal efforts to prevent, detect, and prosecute pandemic relief fraud to safeguard funds for all eligible americans 117th congress (2021-2022) On average, businesses in the state received about $7,000 per employee. Almost all of that money has yet to be distributed. Northeast wind 0 to 5 mph. This disclosure covers each of the 4.9 million PPP loans that have been made. The biggest loans went toconstruction contractors such as F.L. $350K - $1M: 1,107 Recipients. 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 . Mississippi PPP Funded Companies This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. Ruth's Hospitality Group, which owns the Ruth's Chris Steak House chain, AutoNationand ShakeShack are among those that took out PPP loans. - Vox.com, Conservative Theologically, but Liberal Politically | Gene Veith - Patheos, Who is Jonathan Swan, the reporter who grilled Trump? According to DOR spokesman Jacob Manley, the agency has sent out checks to 11,905 businesses for a total of $23.6 million, which isabout a third of what the program was supposed to distribute. Bienville Orthopaedic Specialists, L.L.C. More than 40% of Black small business owners wereforced to close shop as result of the pandemic. 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. There were several errors in the database, so it's not clear whether all the companies listed received the funds. 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. !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. LEARN MORE ABOUT WHO QUALIFIES BY CLICKING HERE. 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. Wochit. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. 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. 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. ben suarez bread / joseph wiley kim burrell / list of ppp loan recipients by name california. 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. This disclosure covers each of the 4.9 million PPP loans that have been made. Copyright 2022 PPP Directory. "The CARES Act was an umbrella act that distributed tons of money. Read more. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. There was an error and we couldn't process your subscription. On average, businesses in the state received about $7,000 per employee. Mississippi Today published info on many of the businesses receiving money last summer, but the Small Business Administration has since made public more information on PPP recipients following a lawsuit from the Washington Post and other outlets. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. There is not an exact figure because many of these loans are disclosed in ranges. In Mississippi, nearly all 96% of loans were directed towards payrolls. Revealed: How U.S. Gov't & Hollywood Secretly Worked Together to Justify Atomic Bombings of Japan - Democracy Now! A handful of Mississippi's private colleges also received assistance. We prefer Author Name, Mississippi Today in the byline. Rich Smith 31.3K subscribers Subscribe 110K views 1 year ago Here's a breakdown of the PPP Loan Fraud List and who got a PPP Loan. Got a confidential news tip? The overwhelming majority of owners who received PPP loans legitimately used the money to retain employees and stay operational. 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. 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 U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 177878 177879 here Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? And what do kangaroos have to do with it? The U.S. government. The program was initially rolled out in April, offering $349 billion to small businesses. At least two casino companies and a pair of yacht clubs on the Coast received funds as well. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. Restaurant chains P.F. 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. 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. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. 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. Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. 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. - the ability to be paid for posting Chang's China Bistro and Chop't received aid of between $5 million and $10 million. Millsaps, Tougaloo and Rust colleges each receivedbetween $2 million and $5 million. 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. On average, businesses in the state received about $7,000 per employee. The Ayn Rand Institute received a loan and defended it on Twitter. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. - 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? Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. See the full searchable list of who received Mississippi PPP loans, law firm where House Speaker Philip Gunn works, Businesses with ties to Tate Reeves received loans, Your California Privacy Rights/Privacy Policy. - 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? - profiles and social posts The bill Congress passed to replenish the program in April included $60 billion specifically for small lenders in response to concerns about businesses without a traditional banking relationship accessing loans. The company is investing $2.4 million in their Mississippi operation and adding 32 new jobs. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. 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 company embraced the coronavirus economy and now it is hiring workers. More than 50 individual churches received $150,000 or more. Under the law, Mississippi received $1.25 billion. He is a frequent guest on radio and television, providing insight and commentary on the inner workings of the Magnolia State. The largest loans were only. Many colleges have taken a financial hit after refunding students for room, board and other fees that come with attending class in-person. It has approved 4.9 million loans for a total of more than $521 billion. $2M - $5M: 118 Recipients. Click The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. Time will tell, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. 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. 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. Below is a list of South Mississippi business that received PPP loans . Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. - 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? The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. Trusted Partners Your Business? But about 3,500 Mississippi businesses that received PPP loans said they would retain zero jobs with the money. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. 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.

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