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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. 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. 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. 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. 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. by Alex Rozier, Mississippi Today July 7, 2020, This and is republished here under a Creative Commons license.. - the ability to be paid for posting 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. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. Our stories may appear on pages with ads, but not ads specifically sold against our stories. to see all of their content. You have to credit Mississippi Today. Copyright 2022 PPP Directory. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. - profiles and social posts 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. 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 program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. The spectrum of businesses receiving PPP loans crossed . 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. "The CARES Act was an umbrella act that distributed tons of money. The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. In Mississippi, nearly all 96% of loans were directed towards payrolls. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Several other companies, shown below, received enough in loans to pay each employee over six figures. Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? - 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? The program has about $132 billion in funding remaining. - South Carolina Public Radio, Did the John Birch Society Win in the End? The company is investing $2.4 million in their Mississippi operation and adding 32 new jobs. We do not sell or share your information with anyone. On average, businesses in the state received about $7,000 per employee. Alex Rozier, from New York City, is Mississippi Todays data and environment reporter. 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. Restaurant chains like P.F. 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. All Rights Reserved. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. 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. | 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? In total, over 79,000 businesses in Mississippi have been approved for PPP loans. Loan Range No. Crane & Sons, as well as furniture manufacturers like Max Home, in Fulton. of Loans Jobs Retained Our stories may appear on pages with ads, but not ads specifically sold against our stories. 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. Most did not respond. Scallan said the agency is still encouraging small business owners to apply for grants at the following website: www.backtobusinessms.org. - The Atlantic, The Fountainhead Reading Group with Andrew Bernstein - The Objective Standard, Copyright 2000 to 2023 Prometheism Transhumanism Post Humanism. 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. 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. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. They and many more companies ultimately returned the money after public outcry. John Farrell, a Republican donor and real estate developer also received a PPP loan. By joining our newsletter, you are confirming that you agree with the Privacy Policy, Frank Corder is a native of Pascagoula. - 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. 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! The Ayn Rand Institute received a loan and defended it on Twitter. The SBA released other details about the program Monday, including: The PPP's goal is to offer forgivable loans to smaller businesses, helping them to stay afloat and employees to maintain their jobs as the coronavirus puts the U.S. economy on hold. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. - 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? a proud member of the For PPP Loans under $150,000 in Mississippi click here. 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. We're dedicated to keeping Mississippians informed with our thorough reporting. 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 Associated Press contributed to this report. - 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? Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. 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. 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. 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. MDA Spokeswoman Melissa Scallan said MDA is currently reviewing applications and could be issuing checks as early as this week or next week. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. About 87% of the loans were for less than $150,000, according to the SBA. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Help keep the momentum going by rejoining our member community today. In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. 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. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. 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 bill Congress passed to replenish the program in April included $60 billion specifically for small lenders in response to concerns about businesses without a traditional banking relationship accessing loans. Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more.