mississippi ppp loan recipients list

Some firms said they didn't receive or apply for the money they're listed as getting. 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. 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. Help keep the momentum going by rejoining our member community today. Mississippi PPP Fraud Attorney - John M. Colette & Associates Based on data from National Weather Service and OpenWeather. 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. According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs. So here are the links and resources I mentioned. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. 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 . U.S. Secretary of the Treasury Steven Mnuchin testifies with Jovita Carranza, Administrator U.S. Small Business Administration during the Senate Small Business and Entrepreneurship Hearings to examine implementation of Title I of the CARES Act on Capitol Hill on June 10, 2020 in Washington, DC. In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. 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 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. Data on who got them was recently released after pressure from news organizations and lawmakers. 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. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. He is a frequent guest on radio and television, providing insight and commentary on the inner workings of the Magnolia State. We prefer Author Name, Mississippi Today in the byline. 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. To learn more about our cartoon syndication services. All rights reserved. You can only publish select stories individually not as a collection. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. Many colleges have taken a financial hit after refunding students for room, board and other fees that come with attending class in-person. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. 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. 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. - 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? 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. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. Our stories may appear on pages with ads, but not ads specifically sold against our stories. Loan Range No. The loan data also include demographics of the borrowers, although most businesses left those fields blank. Follow him on Twitter @gbolognaCL. 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. Click 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. We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. More than 45,000 loans worth nearly $3.2 billion were approved in Mississippi by the Small Business Administration, according to Mississippi Bankers Association. 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. 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. 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. - 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? 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). 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. 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. Most did not respond. Coronavirus stimulus: List of PPP small business loan recipients - CNBC 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. This field is for validation purposes and should be left unchanged. following organizations: Whoops! Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. Narrow the list by typing in a business or city name. The US government recently added a second round of $310 billion to PPP loan program. The company is investing $2.4 million in their Mississippi operation and adding 32 new jobs. 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. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. 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. PPP list: Who received federal loans in Mississippi? 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The largest loans were only. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Which South Miss. businesses received PPP loans - WLOX 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. 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! Summary of PPP Loans in Mississippi. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. The Ayn Rand Institute received a loan and defended it on Twitter. by Alex Rozier, Mississippi Today April 30, 2021, This article first appeared on Mississippi Today and is republished here under a Creative Commons license.. Tate Reeves also got PPP money. 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. 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. On average, businesses in the state received about $7,000 per employee. Restaurant chains P.F. The online vehicle marketplace company quadrupled its sales in just one year after beginning operation in January 2021. The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' Our stories may appear on pages with ads, but not ads specifically sold against our stories. Other loans went topolitically connected law firms such as Butler Snow, religious organizations including the state's Catholic dioceses, and private schools such as Jackson Prep. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. If you are an existing Print subscriber click HERE for your login info. Companies said that the funding supported more than 51 million jobs. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. And what do kangaroos have to do with it? To learn more about our cartoon syndication services. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. You gain access to: To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). 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. 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. 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 Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. Why PPP Loan Recipients in Mississippi Could Be at Risk Look for the "Republish This Story" button underneath each story. Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding. Included in the data were car dealerships, nonprofit organizations, churches, oil and gas industry support companies, medical practices, zoos, law firms, and colleges. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. [The full list is available on the Small Business Administration website, which you can access here.]. "The CARES Act was an umbrella act that distributed tons of money. 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. 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. 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. Neel-Schaffer, an engineering and construction management firm based in Jackson, said in a statement that the company was grateful for the help, which allowed it to keep 354 jobs, according to PPP data. Updated July 25, 2022 Search for PPP loan applications by organization, lender, zip code and business type. - the ability to be paid for posting We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. More than 50 companies reported that the funds would help them hold onto at least 400 employees. Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Read more. Updated List of PPP and EIDL Loan Fraud Criminal Cases 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. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. Those in excess of $150,000 break down as follows: $5M - $10M: 16 Recipients. 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. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. More than 40% of Black small business owners wereforced to close shop as result of the pandemic. 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. World-class Experience The Skip team prides itself on giving you the attention and assistance your small business deserves. $2M - $5M: 118 Recipients. Fraudulent Loans List :: PPP Detective TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 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 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. 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. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. - Looper, Soul Review: Life, and How to Live It - Rolling Stone, Defending Ayn Rand's Reputation in the Media - New Ideal, Letter: Only 'We' can save the world | Letters to the Editor - Daily Herald, Pandemic and the prisoner's dilemma - DTNext, From the Rubble of Atlases, a Colossus Will Rise - The New York Times, Trump's America Remains Stuck in the Shadow of Reagan - Boston Review, The Tories are divided between libertarians and authoritarians. Examining Federal Efforts to Prevent, Detect, and Prosecute Pandemic We believe that an informed Mississippi is a better Mississippi. Republish our articles for free, online or in print, under a Creative Commons license. Your California Privacy Rights / Privacy Policy. 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. 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. SBA and Treasury Release Names of PPP Loan Recipients Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. Mississippi PPP loan recipients: See the full searchable list of who PPP Loan Recipient List By State Mississippi - FederalPay In Mississippi, nearly all 96% of loans were directed towards payrolls. Businesses linked to Gov. PAW Patrol Wasn't Canceled. following organizations: Whoops! 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. 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