All rights reserved. Get this delivered to your inbox, and more info about our products and services. Click on a company's name to see additional loan details. following organizations: Whoops! On average, businesses in the state received about $7,000 per employee. Medical businessessuffered deep revenue losses during the pandemic as normal lucrative procedures and treatments were put on pause to handle the virus. of Loans Jobs Retained 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. to view this author's last article or There was an error and we couldn't process your subscription. LEARN MORE ABOUT WHO QUALIFIES BY CLICKING HERE. The law firm said in a statement that all of its employees across 12 states kept their jobs with no pay cuts. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. 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. 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. 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. Restaurant chains like P.F. 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. All rights reserved. 2023 - Land Title Association of Mississippi, Supreme Court will hear a case challenging CFPB funding, ALTA Applauds Passage of SECURE Notarization Act in the House of Representatives, Title Companys Crime Policy Covers Fraudulent Wire Transfer, Central Florida Court Research and Document Retrieval. Loan Range No. - 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? 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. In Mississippi, nearly all 96% of loans were directed towards payrolls. The loans have reached diverse communities proportionally, across all income levels and demographics. Under the law, Mississippi received $1.25 billion. 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.. "This money helped us bridge a gap to keep people gainfully employed," the statement said. Credit: Eric J. Shelton/Mississippi Today, If you are an existing Print subscriber click. The U.S. government. We're dedicated to keeping Mississippians informed with our thorough reporting. 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. There were several errors in the database, so it's not clear whether all the companies listed received the funds. It further contains data showing the reach of the program in underserved communities, rural communities, historically underutilized business zones (HUBZones), and participation by religious, grantmaking, civil, professional, and other similar organizations. Almost all of that money has yet to be distributed. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. Our stories may appear on pages with ads, but not ads specifically sold against our stories. With your help, we've gotten a lot done but we're not finished yet! Release from the U.S. Department of Treasury. Each small business was supposed to receive a $2,000 check. $2M - $5M: 118 Recipients. Tate Reeves also got PPP money. While some minority-owned businesses may not have disclosed race in their application, only one Black business owner reported receiving a PPP loan worth at least $1 million. PPP loans helped businesses retain nearly 48,000 employees in our state. 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. The Land Title Association of Mississippi is a professional association dedicated to creating an environment which enables its members to provide the public with the highest quality land title evidencing, title insurance and settlement services. 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. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. 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. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. They and many more companies ultimately returned the money after public outcry. To learn more about our cartoon syndication services. On average, businesses in the state received about $7,000 per employee. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. 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. Many colleges have taken a financial hit after refunding students for room, board and other fees that come with attending class in-person. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. Copyright 2022 PPP Directory. There was an error and we couldn't process your subscription. You cant edit our stories, except to reflect relative changes in time, location and editorial style. Those in excess of $150,000 break down as follows: The spectrum of businesses receiving PPP loans crossed practically every segment of the Mississippi economy. Todays data shows that small businesses of all types and across all industries benefited from this unprecedented program. Why PPP Loan Recipients in Mississippi Could Be at Risk Any amount helps us keep producing quality journalism for Mississippi. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. - 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? Narrow the list by typing in a business or city name. Email Frank: frank@magnoliatribune.com. This table shows the top 5 industries in Mississippi by number of loans awarded, with average loan amounts and number of jobs reported. The program has about $132 billion in funding remaining. 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. Scallan said the agency is still encouraging small business owners to apply for grants at the following website: www.backtobusinessms.org. 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? 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. 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. 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 disclosure comes amid demands from Democrats for more transparency around the funds established as part of the $2 trillion CARES Act signed into law this spring. 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. There is further data we're working on for the loans under $150k however so check back in the future for that. 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. - TheArticle, Is Ethereum left and Bitcoin right? The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Frank has served his community in both elected and appointed public office, hosted his own local radio and television programs, and managed private businesses all while being an engaged husband and father. 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. Dozens of private and charter schools got aid. Help keep the momentum going by rejoining our member community today. And what do kangaroos have to do with it? More than 45,000 loans worth nearly $3.2 billion were approved in Mississippi by the Small Business Administration, according to Mississippi Bankers Association. In addition, the data provides information regarding the sizes of participating lenders and participation by community development financial institutions, minority depository institutions, Farm Credit System institutions, fintechs and other nonbanks, and other types of lenders. Republish our articles for free, online or in print, under a Creative Commons license. The Ayn Rand Institute, named for the objectivist writer cited as an influence on libertarian thought, was approved for $350,000 to $ 1 million. Grace Pateras and Joe Harrington contributed to this story. Restaurant chains like P.F. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. Look for the "Republish This Story" button underneath each story. On average, businesses in the state received about $7,000 per employee. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. 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, Copyright 2000 to 2023 Prometheism Transhumanism Post Humanism | Prometheism | Euvolution | Pierre Teilhard De Chardin, 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. Gov. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. 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. Help keep the momentum going by rejoining our member community 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. $350K - $1M: 1,107 Recipients. 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 released data also include information about smaller loan recipients, but excluded their names. Restaurant chains like P.F. 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. Companies said that the funding supported more than 51 million jobs. Report it to the Small Business Administrations with just a few clicks. 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. Businesses linked to Gov. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. "The CARES Act was an umbrella act that distributed tons of money. 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 case was brought in Foley Square, New York and is pending. The program's critics have expressed concern that the amount of untapped funds could show that rural or minority-owned businesses with weaker or no banking relationships have had trouble accessing relief money. The SBA's list divides the PPP loan recipients . The US government recently added a second round of $310 billion to PPP loan 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. Crane & Sons, as well as furniture manufacturers like Max Home, in Fulton. Any web site our stories appear on must include a contact for your organization. PPP Small Business Relief Will Likely Not Help All. Those in excess of $150,000 break down as follows: $5M - $10M: 16 Recipients. 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. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. With your help, we've gotten a lot done but we're not finished yet! Time will tell, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. There is not an exact figure because many of these loans are disclosed in ranges. Three Hispanic, two Asian and zero American Indian businesses reported receiving at least that amount. here Please reload the page and try again. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. - Science Based Medicine, O'Donnell: Will the NBA's new red-light camera calls ruin The Finals for ABC/ESPN? But of those that did, men-owned businesses receiving loans outnumbered women-owned firms by about three-to-one. 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? | 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? The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. We believe that an informed Mississippi is a better Mississippi. 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. On average, businesses in the state received about $7,000 per employee. And more than 1,000 recipients apparently did not answer the question about saving jobs at all, according to the data. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding. If you do not have an existing account, you can also easily register or login with an existing Google, Facebook or Apple account. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. 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. A Division of NBCUniversal. World-class Experience The Skip team prides itself on giving you the attention and assistance your small business deserves. Several other companies, shown below, received enough in loans to pay each employee over six figures. The Clarion Ledger reached out to several companies that received at least $5 million through the program. You have to credit Mississippi Today. ben suarez bread / joseph wiley kim burrell / list of ppp loan recipients by name california. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. If you do not have an existing account, you can also easily use an existing Google, Facebook or Apple account. You can search the SBA's entire PPP loan data below. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. Trump on Saturday signed the extension into law. The Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. All Rights Reserved. - two free years of archived e-Editions The SBA states that the PPP program is designed to help small businesses keep workers on payroll. Numerous news organizations received PPP loans: Forbes Media got at least $5 million; The Washington Times got at least $1 million; The Washingtonian got at least $350,000; The Daily Caller received at least $350,000 and The Daily Caller News Foundation got at least $150,000; The American Prospect received at least $150,000. Data on who got them was recently released after pressure from news organizations and lawmakers. Restaurant chains P.F. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 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. Several other companies, shown below, received enough in loans to pay each employee over six figures. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. On average, businesses in the state received about $7,000 per employee. No city is better suited to serve as a hub for innovation and growth than Gulfport, Mayor Hewes writes. More than 50 companies reported that the funds would help them hold onto at least 400 employees. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. The association said the "vast majority" of the loans originated at banks headquartered in the state. By industry: Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. - 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? 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. 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. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. 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. We want to hear from you. To learn more about our cartoon syndication services. 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. 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. 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. Reeves: Businesses with ties to Tate Reeves received loans. If you share our stories on social media, please tag us in your posts using. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. Wochit. 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 do not sell or share your information with anyone.