If you do not have an existing account, you can also easily register or login with an existing Google, Facebook or Apple account. 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. - two free years of archived e-Editions 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. Credit: Eric J. Shelton/Mississippi Today, If you are an existing Print subscriber click. Data on who got them was recently released after pressure from news organizations and lawmakers. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. 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. 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. - Fillmore County Journal, Why Are Members of Congress Allowed to Trade Stocks? Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs. If you share our stories on social media, please tag us in your posts using. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). PPP Small Business Relief Will Likely Not Help All. 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. - The Week, Daily Reformer: Hagehan The First Couple Of Minnesota Politics - Patch.com. Clarification: The story has been edited to clarify that franchisees of national chains applied and received PPP loans rather than the chains corporate bodies. ben suarez bread / joseph wiley kim burrell / list of ppp loan recipients by name california. Included in the data were car dealerships, nonprofit organizations, churches, oil and gas industry support companies, medical practices, zoos, law firms, and colleges. You cant edit our stories, except to reflect relative changes in time, location and editorial style. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. 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. Look for the "Republish This Story" button underneath each story. 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 law firm Boies Schiller Flexner, whose chairman David Boies has represented powerful clients such as former Vice President Al Gore in the Bush v. Gore Supreme Court case, received between $5 million and $10 million. Political organizations also received loans: The Ohio Democratic Party got at least $150,000 and the Florida Democratic Party Building Fund got at least $350,000, while the Women's National Republican Club of New York got at least $350,000, the Black Republican Caucus in Florida got at least $150,000. Trump on Saturday signed the extension into law. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. On average, businesses in the state received about $7,000 per employee. Lawmakers drew up a list of specific industries and estimated that there were about 30,000 small business within those industries. 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. Treasury Secretary Steven Mnuchin sparked an outcry from Democratswhenheoriginallyimplied that theTrump administration would not disclose the names of participants. Religious groups in the state received between $53 and $80 million, spread across 80 different organizations. 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. This field is for validation purposes and should be left unchanged. Yet dozens of large national chains came away with millions in loans on behalf of their Mississippi locations; McDonalds, for instance, received $14.8 million to support 28 locations in the state, despite being a multinational corporation that made $4.7 billion in profit last year. - Study Breaks, Get Ready for a Week of Unhinged Attacks on Biden and Harris - The Bulwark. 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. Enjoy! The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. Some members of the land title industry were among the recipients, as there were at least 5 loans to title companies (closing offices) in the $150,000 to $350,000 bracket. All Data Obtained From the SBA. More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. - The Guardian, Shaker Heights actors to star in Zoom play: Press Run - cleveland.com, Masking Authoritarianism In The Name Of Public Health - CodeBlue, The Federal Reserve Works Best When It Sticks With Gold - Forbes, Government Grants Loan to Libertarian-Based Ayn Rand Institute - The Great Courses Daily News, Rest of the Story, Pandemic Edition : Planet Money - NPR, Law of Integrity the Joke's on Us - India Legal, No. We do not sell or share your information with anyone. 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. In Mississippi, nearly all 96% of loans were directed towards payrolls. We prefer Author Name, Mississippi Today in the byline. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 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. Those in excess of $150,000 break down as follows: $5M - $10M: 16 Recipients. 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. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. The largest loans were only recorded in the data as ranges. 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. You have to credit Mississippi Today. 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. 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. Restaurant chains like P.F. A former Mississippi prison guard has been sentenced to three years of probation for COVID relief fraud. The data only identifies companies with loans worth more than $150,000. 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. Graphics by CNBC's John Schoen. 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. 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. For nearly two decades, he has reported and offered analysis on government, public policy, business and matters of faith. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. Our stories may appear on pages with ads, but not ads specifically sold against our stories. In Mississippi, nearly all 96% of loans were directed towards payrolls. Wochit. - UnHerd, Advice: Im a woman of color often overlooked at work until people realize I outrank them - The Boston Globe, Ayn Rand | Biography, Books, & Facts | Britannica, Gen Z is looking for meaning this holiday season, but maybe not where we expect - Religion News Service, Cryptocurrency and the Shocking Revelation That White Supremacists Like Money - tntribune.com, Seahawks vs Texans Week 14 Picks and Predictions: Learning To Fly Again - Covers, Forza Horizon 5s amazing intro shows why its a huge hit on Game Pass - Polygon, Celeb Shelf: Instead of scrolling through my phone I read a book, shares actor-turned-author Jugal Hansraj - Free Press Journal. Mississippi has a total of 138,392 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. 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. Search MS Businesses Results @lukerehmann Central Mississippi Civic Improvement Association, Inc. Commercial and Institutional Building Construction, Seafood Product Preparation and Packaging, East Mississippi Electric Power Association. 2023 www.clarionledger.com. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. Just look at shares of one of the largest office REITs, whenheoriginallyimplied that theTrump administration would not disclose the names of participants, tried to take the restaurant chain public, More than $30 billion in loans were returned overall, forced to close shop as result of the pandemic. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. Niche movie theater chain Alamo Drafthouse received a loan of at least $5 million. Grace Pateras and Joe Harrington contributed to this story. 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 jobs numbers released last week reinforced that PPP is working by keeping employees on payroll and sustaining millions of small businesses through this time.. The spectrum of businesses receiving PPP loans crossed . 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. All rights reserved. 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. - 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 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 . 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. 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. He is a frequent guest on radio and television, providing insight and commentary on the inner workings of the Magnolia State. The biggest loans went toconstruction contractors such as F.L. Read more. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. 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). Companies said that the funding supported more than 51 million jobs. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. 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. We prefer Author Name, Mississippi Today in the byline. Who will win? Narrow the list by typing in a business or city name. The private equity firm. We're dedicated to keeping Mississippians informed with our thorough reporting. World-class Experience The Skip team prides itself on giving you the attention and assistance your small business deserves. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. 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. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}}))}(); Disclosure: In 2020, Mississippi Today sought a Paycheck Protection Program loan, which was approved and disbursed. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. Please reload the page and try again. The program has about $132 billion in funding remaining. 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. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. 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. of Loans Jobs Retained 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. More than 50 individual churches received $150,000 or more. Northeast wind 0 to 5 mph. The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income.