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. - Vox.com, Conservative Theologically, but Liberal Politically | Gene Veith - Patheos, Who is Jonathan Swan, the reporter who grilled Trump? Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. The SBA's list divides the PPP loan recipients . 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. Crane & Sons, as well as furniture manufacturers like Max Home, in Fulton. 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. 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. More than $4 billion in loans have now made its way to Mississippi after Congress approved another round of federal support for businesses earlier this year. All rights reserved. There is not an exact figure because many of these loans are disclosed in ranges. You can review the data set released by Treasury and SBAto learn more about Mississippi PPP recipients. More than 50 companies reported that the funds would help them hold onto at least 400 employees. Sign up for free newsletters and get more CNBC delivered to your inbox. Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. 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. Release from the U.S. Department of Treasury. 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! This field is for validation purposes and should be left unchanged. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 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? Our stories may appear on pages with ads, but not ads specifically sold against our stories. - and much more! 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. Email Frank: frank@magnoliatribune.com. The Small Business Administration has released a list of businesses that have received emergency pandemic. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. About 87% of the loans were for less than $150,000, according to the SBA. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Narrow the list by typing in a business or city name. 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. - 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? - 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? Millsaps, Tougaloo and Rust colleges each receivedbetween $2 million and $5 million. We're dedicated to keeping Mississippians informed with our thorough reporting. You cant edit our stories, except to reflect relative changes in time, location and editorial style. On average, businesses in the state received about $7,000 per employee. The Clarion Ledger reached out to several companies that received at least $5 million through the program. Businesses in economically distressed areas as designated by the SBA got nearly 23% of the loan money, while companies in rural areas received about 15% of the funds. 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 U.S. government. 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 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. 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. 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. 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. Look for the "Republish This Story" button underneath each story. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. 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. 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. 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. 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. Click 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. 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. 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), Legislatures top leaders test positive for coronavirus, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. We do not sell or share your information with anyone. 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. Get this delivered to your inbox, and more info about our products and services. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. 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.. We're dedicated to keeping Mississippians informed with our thorough reporting. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. Several other companies, shown below, received enough in loans to pay each employee over six figures. Democrats have sought assurances that programs established to help Main Street sufficiently reach those who most need it. Who will win? The association said the "vast majority" of the loans originated at banks headquartered in the state. 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. They included Jackson Academy and Jackson Prep, which both received at least $1 million. A handful of Mississippi's private colleges also received assistance. After those funds quickly ran out, the government replenished the program with an additional $310 billion. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. At least eight country clubs, such as the Diamondhead Country Club and Jackson Country Club, got approved for PPP money. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs. 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. Credit: Eric J. Shelton/Mississippi Today, If you are an existing Print subscriber click. 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. The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. - Forward, The limits of Justice Ketanji Brown Jacksons power - Fortune, Race Across The World and Louis Theroux Interviews among new BBC Factual and Arts slate - Royal Television Society |, Fool Britannia: sloppy Tory treatise a hint of horrible things to come - Crikey, Day one at the Tory conference: Industry cries out for stability but U-turns and uncertainty continue - Building. By clicking submit, you agree to share your email address with Mississippi Today. Most of those that answered were white and male-owned, shown below: Use the tables below for full lists of Misssissippi's PPP recipients, by business and industry: -- Article credit to Alex Rozier of Mississippi Today --. Here's What's Wrong With Ayn Rand's Philosophy - The Paul and Romney embarrass themselves by lashing out at trans athletes - Outsports, The rise and fall of Netflix - Spectator.co.uk, Wonder Woman 1984: Who plays the 'other' Steve Trevor? The Ayn Rand Institute received a loan and defended it on Twitter. Franks interviews, articles, and columns have been shared throughout Mississippi as well as in national publications such as the Daily Caller. - two free years of archived e-Editions Wochit. Ambassador to Tanzania. There were several errors in the database, so it's not clear whether all the companies listed received the funds. a proud member of the The Treasury Department and Small Business Administration on Monday disclosed the names of businesses to whom they have lent more than $150,000 as part of the Paycheck Protection Program. Any web site our stories appear on must include a contact for your organization. Most did not respond. Please reload the page and try again. Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding. Clear, with a low around 41. PPP Loans List. According to Business Insider, you may be out of luck and too late to receive funding. 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. 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. $350K - $1M: 1,107 Recipients. The Ayn Rand Institute received a loan and defended it on Twitter. The spectrum of businesses receiving PPP loans crossed . Southern Air Conditioning & Supply Inc., where Reeves is a shareholder and Coker & Palmer, Inc., an insurance agency where his wife, Elee Reeves, is a financial advisor, were among the businesses from Mississippi that received money in the coronavirus outbreak, according to the federal government. Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $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 . Eastern Fishing And Rental Tool Co., Inc. Support Activities for Oil and Gas Operations, All Other Professional, Scientific, and Technical Services, Motorcycle, ATV, and All Other Motor Vehicle Dealers, Grain and Field Bean Merchant Wholesalers, Specialized Freight (except Used Goods) Trucking, Long-Distance, Agriculture, Forestry, Fishing and Hunting, Lessors of Residential Buildings and Dwellings, Other Miscellaneous Durable Goods Merchant Wholesalers, Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing, Corporate, Subsidiary, and Regional Managing Offices, Colleges, Universities, and Professional Schools, Farm and Garden Machinery and Equipment Merchant Wholesalers, Plastics Material and Resin Manufacturing, Mississippi Tank And Manufacturing Company, Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing, Pearl River Valley Electric Power Association, Progressive Medical Management Of Batesville, LLC, Region VII Mental Health Intellectual Disabilities Commission, Outpatient Mental Health and Substance Abuse Centers, Supermarkets and Other Grocery (except Convenience) Stores, Gasoline Stations with Convenience Stores. This disclosure covers each of the 4.9 million PPP loans that have been made. Almost all of that money has yet to be distributed. 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. 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. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. The loan data also include demographics of the borrowers, although most businesses left those fields blank. 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. All rights reserved. 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. On average, businesses in the state received about $7,000 per employee. If you share our stories on social media, please tag us in your posts using. The US government recently added a second round of $310 billion to PPP loan program. 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. Internationally, South Korean airline Korean Air received a PPP loan. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. He is a frequent guest on radio and television, providing insight and commentary on the inner workings of the Magnolia State. Graphics by CNBC's John Schoen. But of those that did, white-owned businesses in the state outnumbered all others that got money combined including Black, Hispanic, Asian and American Indian businesses by a five-to-one margin. $1M - $2M: 291 Recipients. 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. "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. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. 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 . $2M - $5M: 118 Recipients. In Mississippi, nearly all 96% of loans were directed towards payrolls. Dig Deeper: See the full searchable list of who received Mississippi 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. We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. 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. John Farrell, a Republican donor and real estate developer also received a PPP loan. Narrow the list by typing in a business or city name. - 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. 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. The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. The biggest loans went toconstruction contractors such as F.L. If you share our stories on social media, please tag us in your posts using. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. - South Carolina Public Radio, Did the John Birch Society Win in the End? 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. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. PPP Small Business Relief Will Likely Not Help All. Separately, Mississippi is in the process of distributing grants to many small businesses using federal funds it received for virus relief. So did theLos Angeles Lakers. 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. var divElement = document.getElementById('viz1594157587379'); 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); The data also included the demographics of borrowers, although two-thirds of the states borrowers declined to provide a gender and three-quarters declined to provide a race or ethnicity. Several other companies, shown below, received enough in loans to pay each employee over six figures. 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. | Jones - PennLive, A high point of our time in southern Alberta, Canada - Patheos, 4 Pillars of The Illusion | C. Don Jones - Patheos, The Philosophic Case for the Absolute Right to Abortion - New Ideal, R2AK: Will monohulls sweep the podium? 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.
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