SBA and Treasury to release names of largest PPP loan recipients. Based on data from National Weather Service and OpenWeather. It lowered the share of the loan that a company must spend on payroll and gave them a longer period of time to use the money. 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. The overwhelming majority of owners who received PPP loans legitimately used the money to retain employees and stay operational. Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. - profiles and social posts More than 50 individual churches received $150,000 or more. Get this delivered to your inbox, and more info about our products and services. Under the law, Mississippi received $1.25 billion. All Rights Reserved. And more than 1,000 recipients apparently did not answer the question about saving jobs at all, according to the data. 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. 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. We believe that an informed Mississippi is a better Mississippi. After those funds quickly ran out, the government replenished the program with an additional $310 billion. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Any amount helps us keep producing quality journalism for Mississippi. here 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. 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. Several other companies, shown below, received enough in loans to pay each employee over six figures. 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. By industry: In Mississippi, nearly all 96% of loans were directed towards payrolls. Ambassador to Tanzania. 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. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. 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. Treasury Secretary Steven Mnuchin sparked an outcry from Democratswhenheoriginallyimplied that theTrump administration would not disclose the names of participants. If you share our stories on social media, please tag us in your posts using. 177878 177879 Wochit. Bienville Orthopaedic Specialists, L.L.C. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. 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. - South Carolina Public Radio, Did the John Birch Society Win in the End? In fact, McDonalds, Sonic, Applebees and General Motors each received more in loans for their Mississippi locations than any of the states non-franchise businesses. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. Republish our articles for free, online or in print, under a Creative Commons license. Religious groups in the state received between $53 and $80 million, spread across 80 different organizations. 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. With your help, we've gotten a lot done but we're not finished yet! "This money helped us bridge a gap to keep people gainfully employed," the statement said. Todays release of loan data strikes the appropriate balance of providing the American people with transparency, while protecting sensitive payroll and personal income information of small businesses, sole proprietors, and independent contractors., The PPP is an indisputable success for small businesses, especially to the communities in which these employers serve as the main job creators, said Administrator Jovita Carranza. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. The online vehicle marketplace company quadrupled its sales in just one year after beginning operation in January 2021. Reeves: Businesses with ties to Tate Reeves received loans. We prefer Author Name, Mississippi Today in the byline. 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. 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. $150K - $350K: 2,358 Recipients. So did theLos Angeles Lakers. The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. There is not an exact figure because many of these loans are disclosed in ranges. In Mississippi, nearly all 96% of loans were directed towards payrolls. PAW Patrol Wasn't Canceled. 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 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 20 Mississippi hospitals received PPP money, with numerous dentists' and doctors' offices also getting the loans. If you share our stories on social media, please tag us in your posts using. 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. Internationally, South Korean airline Korean Air received a PPP loan. We do not sell or share your information with anyone. - TheArticle, Is Ethereum left and Bitcoin right? LEARN MORE ABOUT WHO QUALIFIES BY CLICKING HERE. - two free years of archived e-Editions - 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? Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. On average, businesses in the state received about $7,000 per employee. Loan Range No. Paycheck Protection Program (PPP) loans have aided more than 5.2 million small business owners, providing a much-needed lifeline during the Coronavirus outbreak crisis. 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 . A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. to see all of their content. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. 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 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. Help us crowdsource fraud detection in the PPP program! - 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. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. 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. General Freight Trucking, Long-Distance, Truckload, Services for the Elderly and Persons with Disabilities, Other Grocery and Related Products Merchant Wholesalers, Offices of Real Estate Agents and Brokers, Cardiology Associates Of North Mississippi, All Other Miscellaneous Ambulatory Health Care Services. The Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. Grace Pateras and Joe Harrington contributed to this story. Help keep the momentum going by rejoining our member community today. - Scuttlebutt Sailing News, Bill Maher Addressed an Eventful Political Week on Real Time - InsideHook, Letter: The rules of life are very simple - Detroit Lakes Tribune, The Banality of Putin and Xi | Yaron Brook and Elan Journo - IAI, American culture is destroying itself, and the planet, says leading activist Bill McKibben - Yahoo Philippines News, Is Discussing the Consequences of Anti-Vaccine Disinformation Fun? The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. All rights reserved. The Ayn Rand Institute received a loan and defended it on Twitter. 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. We're dedicated to keeping Mississippians informed with our thorough reporting. 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. Revealed: How U.S. Gov't & Hollywood Secretly Worked Together to Justify Atomic Bombings of Japan - Democracy Now! John Farrell, a Republican donor and real estate developer also received a PPP loan. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. The Archdiocese of New York got a loan valued at between $5 million and $10 million, while the Catholic Charities of the Archdioceses of San Francisco, Washington, D.C., New Orleans and Boston, among others, all received assistance valued at more than $2 million. Help keep the momentum going by rejoining our member community today. 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 . Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? 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. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. CNBC's Kate Rogers, Betsy Spring, Kevin Breuninger and Kayla Tausche contributed to this report. 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. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. This disclosure covers each of the 4.9 million PPP loans that have been made. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. 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. Todays data shows that small businesses of all types and across all industries benefited from this unprecedented program. Businesses linked to Gov. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 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. Internationally, South Korean airline Korean Air received a PPP loan. 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. 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. 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 proud member of the You cant edit our stories, except to reflect relative changes in time, location and editorial style. Release from the U.S. Department of Treasury. The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. If you are an existing Print subscriber click HERE for your login info. Please reload the page and try again. Below is a list of South Mississippi business that received PPP loans . Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. Got a confidential news tip? 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. Both businesses were approved to receive between $150,000 and $350,000 each. 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. 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. Email Frank: frank@magnoliatribune.com. 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. 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. - The Bulwark, Boris Johnsons Covid bravado insults the NHS and the public - The Guardian, Science Fiction in a Time of Crisis - Filmmaker Magazine, The criticism facing Rishi Sunak has nothing to do with race, and all to do with greed - iNews, Zack Snyder's Star Wars-Themed Movie Recruits The Princess Bride Star - Giant Freakin Robot, Debate sparked after University of Bristol students try to 'cancel' controversial speaker - Bristol Live, Rishi Sunak is a terrible bloke, regardless of his wife's finances - JOE.co.uk, Understanding the Roots of the New Inflation: With Rob Tarr - New Ideal, First Wind Film Development To Adapt Rick Bleiweiss Blackstone Novel Pignon Scorbion And The Barbershop Detectives For TV - Deadline, 'My jagged path to cap and gown': Reflections from a 23-year-old expectant high school graduate - Kennebec Journal and Morning Sentinel, Don't Believe The Hype: The Left Wish They Ran Cancel Culture Like This - Above the Law, Who is John Malone, the 'Cable Cowboy' and GB News backer who could buy Channel 4? Click on a company's name to see additional loan details. 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. 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. MDA Spokeswoman Melissa Scallan said MDA is currently reviewing applications and could be issuing checks as early as this week or next week. 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 Retzer Group, which operates McDonald's franchises, got at least $5 in PPP money. In Mississippi, nearly all 96% of loans were directed towards payrolls. Copyright 2022 PPP Directory. Look for the "Republish This Story" button underneath each story. - and much more! The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. 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. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding.If you don't receive emergency government funding, it's suggested for small businesses to seek funding through tax relief, private companies, local governments, and organizations offering small business grants. Any web site our stories appear on must include a contact for your organization. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. 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. 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. You have to credit Mississippi Today. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. 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.
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