The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. Republish our articles for free, online or in print, under a Creative Commons license. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. 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? - South Carolina Public Radio, Did the John Birch Society Win in the End? The largest loans were only. - 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? 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. Revealed: How U.S. Gov't & Hollywood Secretly Worked Together to Justify Atomic Bombings of Japan - Democracy Now! 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. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. There was an error and we couldn't process your subscription. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. The Ayn Rand Institute received a loan and defended it on Twitter. 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. - The Atlantic, The Fountainhead Reading Group with Andrew Bernstein - The Objective Standard, Copyright 2000 to 2023 Prometheism Transhumanism Post Humanism. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. We're dedicated to keeping Mississippians informed with our thorough reporting. Companies said that the funding supported more than 51 million jobs. The law firm said in a statement that all of its employees across 12 states kept their jobs with no pay cuts. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. PPP Loans List. Data on who got them was recently released after pressure from news organizations and lawmakers. 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. 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. Updated July 25, 2022 Search for PPP loan applications by organization, lender, zip code and business type. 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. Mississippi has a total of 138,392 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. 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? Scallan said the agency is still encouraging small business owners to apply for grants at the following website: www.backtobusinessms.org. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. 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 --. Ambassador to Tanzania. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. Loan Range No. 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. Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? At least two casino companies and a pair of yacht clubs on the Coast received funds as well. Enjoy! Help keep the momentum going by rejoining our member community today. The biggest loans went toconstruction contractors such as F.L. - Federal Regulations Advisor, The Daily Cartoon and Live Briefing: Monday, May 9, 2022 - FlaglerLive.com, Victory at San Jacinto liberated the individual | Opinion | jacksonvilleprogress.com - Jacksonville Daily Progress, RUSH's GEDDY LEE Says NEIL PEART 'Didn't Want Anyone To Know' About His Illness: 'He Wanted To Keep It In The House' - BLABBERMOUTH.NET, The Alternative Meat Industry Wants Solar Power Style Mandates And Subsidies - Science 2.0, diSConnected: Is Ayn Rand or Mother Teresa better for protecting South Carolinians with disabilities? For PPP Loans under $150,000 in Mississippi click here. Tate Reeves also got PPP money. Some 3,890 Mississippi companies received PPP loans in excess of $150,000. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. 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. The company is investing $2.4 million in their Mississippi operation and adding 32 new jobs. Look for the "Republish This Story" button underneath each story. If you share our stories on social media, please tag us in your posts using. The law firm where House Speaker Philip Gunn works, Wells Marble & Hurst, received between $350,000 and $1 million. 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. Report it to the Small Business Administrations with just a few clicks. You can search the SBA's entire PPP loan data below. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. A former Mississippi prison guard has been sentenced to three years of probation for COVID relief fraud. Businesses linked to Gov. 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. We're dedicated to keeping Mississippians informed with our thorough reporting. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. This company embraced the coronavirus economy and now it is hiring workers. John Farrell, a Republican donor and real estate developer also received a PPP loan. Grace Pateras and Joe Harrington contributed to this story. They included Jackson Academy and Jackson Prep, which both received at least $1 million. The association said the "vast majority" of the loans originated at banks headquartered in the state. 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. If you share our stories on social media, please tag us in your posts using. 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. a proud member of the Heatmap of PPP Loans by Zip Code in Mississippi, Number of Loans Issued by Date in Mississippi, Summary of PPP Loans by County in Mississippi, Top 25 Cities in Mississippi by Number of PPP Loans. Clarification: The story has been edited to clarify that franchisees of national chains applied and received PPP loans rather than the chains corporate bodies. All rights reserved. The loans have reached diverse communities proportionally, across all income levels and demographics. 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. 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. We do not sell or share your information with anyone. The U.S. government. The program was initially rolled out in April, offering $349 billion to small businesses. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. 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. 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. 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 data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. 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 average amount was about $69,000, the lowest in the country. If you do not have an existing account, you can also easily register or login with an existing Google, Facebook or Apple account. 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. Separately, Mississippi is in the process of distributing grants to many small businesses using federal funds it received for virus relief. On average, businesses in the state received about $7,000 per employee. 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. 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. 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. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. 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. - the ability to be paid for posting - 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? 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 private equity firm. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. 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. All rights reserved. The Clarion Ledger reached out to several companies that received at least $5 million through the program. 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 . The PPP loans are designed to keep people on the job, and can be forgiven if the funds are used on payroll and similar expenses. In Mississippi, nearly all 96% of loans were directed towards payrolls. Posted on February 27, 2023 by laguardia airport food terminal c Republish our articles for free, online or in print, under a Creative Commons license. According to Business Insider, you may be out of luck and too late to receive funding. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. 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. Eastern Fishing And Rental Tool Co., Inc. 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