mississippi ppp loan recipients list
PPP recipient list: Which companies got PPP loans? - The Business Journals TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. Most businesses applying for loans also did not disclose the gender of their ownership. The Clarion Ledger reached out to several companies that received at least $5 million through the program. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. Democrats have sought assurances that programs established to help Main Street sufficiently reach those who most need it. 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. Get Funding & Growth Help Get Started For Free Trusted Partners Your Business? President Donald Trump signed the federal CARES Act into law in late March, sending states billions of dollars to help people impacted by the coronavirus. Todays data shows that small businesses of all types and across all industries benefited from this unprecedented program. 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. - 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? You gain access to: Release from the U.S. Department of Treasury. You have to credit Mississippi Today. 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. 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 Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. Graphics by CNBC's John Schoen. The largest loans were only. Crane & Sons, as well as furniture manufacturers like Max Home, in Fulton. PPP Loans List :: PPP Detective On average, businesses in the state received about $7,000 per employee. Data released on small businesses receiving PPP loans during pandemic : NPR Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. 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. The vast majority of those companies taking part in the program some 38,035 organizations received PPP loans less than $150,000. $2M - $5M: 118 Recipients. PPP list: Who received federal loans in Mississippi? The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). The loan data also include demographics of the borrowers, although most businesses left those fields blank. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. John Farrell, a Republican donor and real estate developer also received a PPP loan. 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. The US government recently added a second round of $310 billion to PPP loan program. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. - 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. Updated July 25, 2022 Search for PPP loan applications by organization, lender, zip code and business type. A handful of Mississippi's private colleges also received assistance. Several law firms, including ones with ties to President Trump (Kasowitz, Benson & Torres) and former vice president Al Gore and film producer Harvey Weinstein (Boies Schiller Flexner) also received PPP loans. The 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. The released data also include information about smaller loan recipients, but excluded their names. Medical businessessuffered deep revenue losses during the pandemic as normal lucrative procedures and treatments were put on pause to handle the virus. 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. - 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? See PPP Loans Recipients In Mississippi If you do not have an existing account, you can also easily use an existing Google, Facebook or Apple account. This disclosure covers each of the 4.9 million PPP loans that have been made. 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. 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. 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. Your California Privacy Rights / Privacy Policy. 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. On average, businesses in the state received about $7,000 per employee. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. According to Business Insider, you may be out of luck and too late to receive funding. 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. Copyright 2022 Winston County Journal | Terms of Use| Privacy Policy, More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. Ruth's Hospitality Group, which owns the Ruth's Chris Steak House chain, AutoNationand ShakeShack are among those that took out PPP loans. More than 45,000 loans worth nearly $3.2 billion were approved in Mississippi by the Small Business Administration, according to Mississippi Bankers Association. a proud member of the Yet that rate varies greatly; J&W Transport LLC, a trucking company in Jackson, received a loan of over $260,000 to pay one employee. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. Based on data from National Weather Service and OpenWeather. Revealed: How U.S. Gov't & Hollywood Secretly Worked Together to Justify Atomic Bombings of Japan - Democracy Now! 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. - two free years of archived e-Editions Sign up for free newsletters and get more CNBC delivered to your inbox. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. But We Wish It Had Been - Fatherly, A field guide to the pandemic deniers - Salon, Mastodon, Tool, Coheed + Cambria, Primus Members Team on Cover of Rush's 'Anthem' - Loudwire, Daddy Ducey had his chance to deal with COVID; It's time to call Mom | What the Devil won't tell you - TucsonSentinel.com, Peter Bart: How Hollywood Learned That Mixing Politics And Art Can Turn Big Ideas Into B-Pictures - Deadline, The saga of the doctor versus the denier continues - Antelope Valley Press, Making it on your own in pandemic | Opinion - News-Press Now, Every generation gets 'The Baby-Sitters Club' it deserves - SFGate, How Amber Heard went from a small town in Texas to centre stage in Hollywood's most explosive trial yet - Evening Standard, Big problems with the Paycheck Protection Program? On average, businesses in the state received about $7,000 per employee. Each small business was supposed to receive a $2,000 check. John Farrell, a Republican donor and real estate developer also received a PPP loan. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. 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! Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Restaurant chains like P.F. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. Click on a company's name to see additional loan details. TUPELO MS PPP Loan Data 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. Restaurant chains like P.F. Follow him on Twitter @gbolognaCL. PPP Loans List. $150K - $350K: 2,358 Recipients. 177878 177879 Trump on Saturday signed the extension into law. The Ayn Rand Institute, named for the objectivist writer cited as an influence on libertarian thought, was approved for $350,000 to $ 1 million. 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. - 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? Credit: Eric J. Shelton/Mississippi Today, If you are an existing Print subscriber click. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. You have to credit Mississippi Today. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. 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. 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. Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? Several other companies, shown below, received enough in loans to pay each employee over six figures. Mississippi TUPELO 169 PPP loans (>$150k) have been issued in the city of TUPELO, MS. All publically available loans are listed here in order of business name. Meanwhile, 78 white business owners received loans for at least $1 million. Jared Kushner's parents' family foundation supports the school, NBC News reported. The Retzer Group, which operates McDonald's franchises, got at least $5 in PPP money. 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. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. Browse & Search CARES Act PPP Recipients Three Hispanic, two Asian and zero American Indian businesses reported receiving at least that amount. 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. PPP loans helped businesses retain nearly 48,000 employees in our state. 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. Summary of PPP Loans in Mississippi. 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. Get this delivered to your inbox, and more info about our products and services. No city is better suited to serve as a hub for innovation and growth than Gulfport, Mayor Hewes writes. Businesses linked to Gov. Mississippi PPP loan recipients: See the full searchable list of who In Mississippi, nearly all 96% of loans were directed towards payrolls. !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 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. - Fillmore County Journal, Why Are Members of Congress Allowed to Trade Stocks? We believe that an informed Mississippi is a better Mississippi. Of the Mississippi businesses that did answer, 75 percent were male, and 83 percent were white. 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. 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. The SBA's list divides the PPP loan recipients . 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. General Freight Trucking, Long-Distance, Truckload, Services for the Elderly and Persons with Disabilities, Other Grocery and Related Products Merchant Wholesalers, Offices of Real Estate Agents and Brokers, Cardiology Associates Of North Mississippi, All Other Miscellaneous Ambulatory Health Care Services. The association said the "vast majority" of the loans originated at banks headquartered in the state. 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. Grace Pateras and Joe Harrington contributed to this story. Which South Miss. businesses received PPP loans - WLOX Chang's China Bistro and Chop't received aid of between $5 million and $10 million. PPP Loan Fraud List | Who Got a PPP Loan? - YouTube St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. Restaurant chains like P.F. Perdue's adult children are 99% stakeholders in a trust that indirectly owns the company, and the secretary did not have any influence on the SBA's loan decisions or the company's decision to apply for aid, the spokesperson said. By joining our newsletter, you are confirming that you agree with the Privacy Policy, Frank Corder is a native of Pascagoula. You can only publish select stories individually not as a collection. Mississippi has a total of 138,392 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. We're dedicated to keeping Mississippians informed with our thorough reporting. All rights reserved. Email Frank: frank@magnoliatribune.com. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. 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 . Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. Narrow the list by typing in a business or city name. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. PPP list: Who received federal loans in Mississippi? The spectrum of businesses receiving PPP loans crossed . 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. Grace Pateras and Joe Harrington contributed to this story. 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mississippi ppp loan recipients list