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Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. of Loans Jobs Retained We do not sell or share your information with anyone. Credit: Eric J. Shelton/Mississippi Today, If you are an existing Print subscriber click. 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. 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. A former Mississippi prison guard has been sentenced to three years of probation for COVID relief fraud. - Houston Chronicle, The Simpsons' Playdate With Destiny Short Was A Product Of Serendipity - /Film, Filthy Animals Pries Open The Violent, Animalistic Notions In Human Relationships - Gaysi, How Isabel Paterson Helped Ayn Rand Find Atlantis - The Objective Standard, Where Is 'The Anarchists' Star Jason Henza Today? 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 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. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. 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Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. Several other companies, shown below, received enough in loans to pay each employee over six figures. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. The fate of Amtraks Gulf Coast return rests with a federal board, They couldve picked Elijah Moore, but Saints drafted Payton Turner. John Farrell, a Republican donor and real estate developer also received a PPP loan. Grace Pateras and Joe Harrington contributed to this story. - 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. Bienville Orthopaedic Specialists, L.L.C. 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. Medical businessessuffered deep revenue losses during the pandemic as normal lucrative procedures and treatments were put on pause to handle the virus. The loan data also include demographics of the borrowers, although most businesses left those fields blank. Northeast wind 0 to 5 mph. 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. At least 20 Mississippi hospitals received PPP money, with numerous dentists' and doctors' offices also getting the loans. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. Click hereto download Paycheck Protection Program loan data by state for loans of $150,000 and above. Your California Privacy Rights / Privacy Policy. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. Yet franchisees in Mississippi from dozens of large national chains came away with millions in loans; 28 of McDonalds locations in Mississippi, for instance, received a combined $14.8 million, despite the chain being a multinational corporation that made $4.7 billion in profit last year. 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. 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Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. The Paycheck Protection Program loans were doled out as the coronavirus pandemic shuttered the U.S. economy. They included Jackson Academy and Jackson Prep, which both received at least $1 million. 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. 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. We're dedicated to keeping Mississippians informed with our thorough reporting. The Ayn Rand Institute received a loan and defended it on Twitter. 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). World-class Experience The Skip team prides itself on giving you the attention and assistance your small business deserves. "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. 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. Meanwhile, 78 white business owners received loans for at least $1 million. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. Wochit. Our stories may appear on pages with ads, but not ads specifically sold against our stories. According to Business Insider, you may be out of luck and too late to receive funding. And more than 1,000 recipients apparently did not answer the question about saving jobs at all, according to the data. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. The loan data also include demographics of the borrowers, although most businesses left those fields blank. Companies said that the funding supported more than 51 million jobs. $350K - $1M: 1,107 Recipients. 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. 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. 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. here The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. Narrow the list by typing in a business or city name. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. For PPP Loans under $150,000 in Mississippi click here. Get this delivered to your inbox, and more info about our products and services. In Mississippi, nearly all 96% of loans were directed towards payrolls. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. Click Clarification: The story has been edited to clarify that franchisees of national chains applied and received PPP loans rather than the chains corporate bodies. Three Hispanic, two Asian and zero American Indian businesses reported receiving at least that amount. Email Frank: frank@magnoliatribune.com. 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. champion wins almost $60,000 in 7th consecutive win, over $220,000 total - Press of Atlantic City, Will Amanda Seyfried (The Dropout) ride her Emmy high all the way to a SAG Award win? The average amount was about $69,000, the lowest in the country. 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. The Skip team has been one of the top resources in the US for SBA-related funding and other private funding options since 2020. There was an error and we couldn't process your subscription. Who in Mississippi got Paycheck Protection Program loans during the pandemic? On average, businesses in the state received about $7,000 per employee. You can only publish select stories individually not as a collection. Eastern Fishing And Rental Tool Co., Inc. 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