Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. Help keep the momentum going by rejoining our member community today. $150K - $350K: 2,358 Recipients. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. Lawmakers drew up a list of specific industries and estimated that there were about 30,000 small business within those industries. This table shows the top 5 industries in Mississippi by number of loans awarded, with average loan amounts and number of jobs reported. 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. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. following organizations: Whoops! The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. 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 U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. "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. Enjoy! Central Mississippi Civic Improvement Association, Inc. Commercial and Institutional Building Construction, Seafood Product Preparation and Packaging, East Mississippi Electric Power Association. Copyright 2022 PPP Directory. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. We do not sell or share your information with anyone. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. By industry: A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. 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? 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. 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. 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. - Daily Herald, The Strange and Terrifying Ideas of Neoreactionaries Current Affairs - Current Affairs, Martin Scorsese, Objectivism, Relativism, and How We Read Cinema - No Film School, Ayn Rand, Objectivists, and COVID - Science Based Medicine, Ayn Rand vs. 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. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. Most did not respond. You have to credit Mississippi Today. Based on data from National Weather Service and OpenWeather. Internationally, South Korean airline Korean Air received a PPP loan. 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. 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. 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. 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. to view this author's last article or Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. At least two casino companies and a pair of yacht clubs on the Coast received funds as well. You can search the SBA's entire PPP loan data below. They and many more companies ultimately returned the money after public outcry. Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. More than 45,000 loans worth nearly $3.2 billion were approved in Mississippi by the Small Business Administration, according to Mississippi Bankers Association. 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.. Read more. Some firms said they didn't receive or apply for the money they're listed as getting. 2023 CNBC LLC. Ambassador to Tanzania. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. The Ayn Rand Institute, named for the objectivist writer cited as an influence on libertarian thought, was approved for $350,000 to $ 1 million. Follow him on Twitter @gbolognaCL. - 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? In Mississippi, nearly all 96% of loans were directed towards payrolls. If you share our stories on social media, please tag us in your posts using. Help keep the momentum going by rejoining our member community today. The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). 2023 www.clarionledger.com. CNBC's Kate Rogers, Betsy Spring, Kevin Breuninger and Kayla Tausche contributed to this report. In fact, the franchise locations combined for each of McDonalds, Sonic, Applebees and General Motors received more in loans than any of the states non-franchise businesses. Wochit. 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. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. Get this delivered to your inbox, and more info about our products and services. | 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? 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. No city is better suited to serve as a hub for innovation and growth than Gulfport, Mayor Hewes writes. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. The association said the "vast majority" of the loans originated at banks headquartered in the state. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. Grace Pateras and Joe Harrington contributed to this story. 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. Several other companies, shown below, received enough in loans to pay each employee over six figures. 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. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. On average, businesses in the state received about $7,000 per employee. They included Jackson Academy and Jackson Prep, which both received at least $1 million. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. All Data Obtained From the SBA. 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, 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. Clear, with a low around 41. The program was initially rolled out in April, offering $349 billion to small businesses. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. 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. The US government recently added a second round of $310 billion to PPP loan program. Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding. 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. The Ayn Rand Institute received a loan and defended it on Twitter. 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. This field is for validation purposes and should be left unchanged. 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. Millsaps, Tougaloo and Rust colleges each receivedbetween $2 million and $5 million. Applicants in California received the most money overall with $68.2 billion, followed by Texas at $41.1 billion and New York at $38.3 billion. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. The vast majority of Mississippi loan recipients,more than 30,000,did not appear to provide information in their applications about race and ethnicity of ownership. Tate Reeves also got PPP money. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. - 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? 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. John Farrell, a Republican donor and real estate developer also received a PPP loan. 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 --. PPP Loan Search MS 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.