PPP list: Who received federal loans in Mississippi? 3 On Your Side Investigates: Paycheck Protection Under Closer - WLBT Of the Mississippi businesses that did answer, 75 percent were male, and 83 percent were white. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. You cant edit our stories, except to reflect relative changes in time, location and editorial style. There were several errors in the database, so it's not clear whether all the companies listed received the funds. Email Frank: frank@magnoliatribune.com. The loans have reached diverse communities proportionally, across all income levels and demographics. PPP Small Business Relief Will Likely Not Help All. Todays release includes loan-level data, including business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, name of lender, jobs supported, and loan amount ranges as follows: These categories account for nearly 75 percent of the loan dollars approved. 2023 Magnolia Tribune. Rep VickyHartzler, R-Mo., on Thursday disclosed that her family's businesses received nearly $480,000. The U.S. government. !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 goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. 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. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. The SBA's list divides the PPP loan recipients . 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. 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. Updated List of PPP and EIDL Loan Fraud Criminal Cases All rights reserved. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. Please reload the page and try again. We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. This is NOT a directory of companies that received a loan using SBA.com loan request service. 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. If youre not able to add the byline, please include a line at the top of the story that reads: This story was originally published by Mississippi Today and include our website, You cannot republish our editorial cartoons, photographs, illustrations or graphics without specific permission (contact our managing editor. 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. The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country, said Secretary Steven T. Mnuchin. 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. - and much more! 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. On average, businesses in the state received about $7,000 per employee. 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. - profiles and social posts PPP list: Who received federal loans in Mississippi? 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. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. Look for the "Republish This Story" button underneath each story. 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. Wochit. - Vox.com, Conservative Theologically, but Liberal Politically | Gene Veith - Patheos, Who is Jonathan Swan, the reporter who grilled Trump? - Noozhawk, Happy birthday to the great Ayn Rand - OCRegister, Letter to the editor about Clowns to the left of me, jokers to the right. There is further data we're working on for the loans under $150k however so check back in the future for that. Meanwhile, 78 white business owners received loans for at least $1 million. 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 . 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. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Scallan said the agency is still encouraging small business owners to apply for grants at the following website: www.backtobusinessms.org. Search PPP Loan List in Mississippi Small Business Administration (SBA) released a list of all the businesses their loan amount with Bank and business details. Many colleges have taken a financial hit after refunding students for room, board and other fees that come with attending class in-person. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. 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. 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. Tate Reeves also got PPP money. 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. Internationally, South Korean airline Korean Air received a PPP loan. 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. 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 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. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. Under the law, Mississippi received $1.25 billion. Search PPP Loan list in Mississippi 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. At least eight country clubs, such as the Diamondhead Country Club and Jackson Country Club, got approved for PPP money. Bienville Orthopaedic Specialists, L.L.C. 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. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. 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? Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding. The private equity firm. 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. Most did not respond. All rights reserved. So did theLos Angeles Lakers. The US government recently added a second round of $310 billion to PPP loan program. Help keep the momentum going by rejoining our member community today. Grace Pateras and Joe Harrington contributed to this story. - The Guardian, Shaker Heights actors to star in Zoom play: Press Run - cleveland.com, Masking Authoritarianism In The Name Of Public Health - CodeBlue, The Federal Reserve Works Best When It Sticks With Gold - Forbes, Government Grants Loan to Libertarian-Based Ayn Rand Institute - The Great Courses Daily News, Rest of the Story, Pandemic Edition : Planet Money - NPR, Law of Integrity the Joke's on Us - India Legal, No. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. We want to hear from you. Browse & Search CARES Act PPP Recipients Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. Separately, Mississippi is in the process of distributing grants to many small businesses using federal funds it received for virus relief. 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. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. 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. PPP Loan Search MS Those in excess of $150,000 break down as follows: $5M - $10M: 16 Recipients. 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? Cointelegraph Magazine - Cointelegraph, Get Ready for the Great Urban Comeback - The Atlantic, Q&A: Lucas Wrench of OK #1 | The-voice | tulsapeople.com - tulsapeople.com, Twitter Had A Meltdown Over What 'Red Flags' To Look Out For On a Man's Bookshelf - Junkee, There's more than one way to deliver the mail - Newsday, Before Watching HBO's The Vow, Here's What You Need to Know About the NXIVM Cult - POPSUGAR, Who Is Keith Raniere of 'The Vow' - Where Is He Now? Help keep the momentum going by rejoining our member community today. There was an error and we couldn't process your subscription. Examining Federal Efforts to Prevent, Detect, and Prosecute Pandemic Dig Deeper: See the full searchable list of who received Mississippi PPP loans. You have to credit Mississippi Today. - 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? We're dedicated to keeping Mississippians informed with our thorough reporting. 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. The Ayn Rand Institute, named for the objectivist writer cited as an influence on libertarian thought, was approved for $350,000 to $ 1 million. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. The loan data also include demographics of the borrowers, although most businesses left those fields blank. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. The program has about $132 billion in funding remaining. 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). The online vehicle marketplace company quadrupled its sales in just one year after beginning operation in January 2021. So here are the links and resources I mentioned. They and many more companies ultimately returned the money after public outcry. 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.