These loans have helped to support the country's economic recovery and ensure that small businesses can continue to thrive in the face of the COVID-19 pandemic. Most of those that answered were white and male-owned, shown below: Use the tables below for full lists of Mississippis PPP recipients, by business and industry. Carson Group of Omaha got a $4 million loan in 2020 to cover its events and coaching businesses. HUMO18r@TUCVP W.KO_9Mg)T2bL#ImUI}LYSRcTp Zd4g)V4) The data about businesses that have received PPP loans is available to the public online. First Amendment: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. If you share our stories on social media, please tag us in your posts using. Pennsylvania: Pennsylvania has received over 140,000 PPP loans, totaling over $7 billion. Meanwhile, nearly 3,000 investment management firms, or nearly 1 in 4 of all advisors registered with the SEC, tapped the PPP spigot for $590 million, according to an academic study by scholars at the University of San Diego and Frostburg State University, in Frostburg, Maryland, that was published last February in the Journal of Banking & Finance. 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. Please enable JavaScript for the best experience. Funded Companies PPP Loan Data. In Mississippi, nearly all 96% of loans were directed towards payrolls. 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. secure websites. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. But some big industry players with boldfaced names in wealth management also got money. 177878 177879 $24 million in forgivable PPP loans. Our stories may appear on pages with ads, but not ads specifically sold against our stories. Georgia: Georgia has received over 120,000 PPP loans, totaling over $7 billion. PPP Loan Tracker | Track PPP Loans by Recipient, Lender & Location by Alex Rozier, Mississippi Today April 30, 2021, This article first appeared on Mississippi Today and is republished here under a Creative Commons license.. The Department of Justice has charged some with obtaining PPP loans through fraudulent means, which has prompted an interest in loan data. I!e3 be(!5)0]t 'bICcfrg2bIa25 Roughly 92% of the federal loans were forgiven by the government. You have permission to edit this article. Paycheck Protection Program About 72% of the loans under $150,000 went to businesses that said the loans saved 25 or fewer jobs. SHUGARS, Thomas Sep 7, 1941 - Apr 29, 2023. The PPP (Paycheck Protection Program) is an emergency disaster loan program offered through the SBA (Small Business Administration). %%EOF Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards. There is further data we're working on for the loans under $150k however so check back in the future for that. The U.S. SBA regularly publishes PPP loan data for all past PPP loan recipients. 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. 0 %%EOF Illinois: Illinois has received over 150,000 PPP loans, totaling over $8 billion. :t|P\*Dk4$/o Bn-p}$>N),ZT1KB(*d .0 The SBA PPP loan recipient list includes more than 11.7 million loans made in the nearly $800 billion Covid-19 relief program for small businesses. PPP Loan Recipient List By State Iowa 171,714 TOTAL PPP LOANS $8.1B TOTAL LOAN AMOUNT $47,082 AVERAGE PPP LOAN 5 AVG COMPANY SIZE Iowa has a total of 171,714 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. The fate of Amtraks Gulf Coast return rests with a federal board, They couldve picked Elijah Moore, but Saints drafted Payton Turner. See our documentation for more information. ;k~{H a{oy^Imq][^8hM7!qwIz g-[ Two weeks ago, the IRS handed down guidance indicating that business expenses paid using PPP loans cant be used as deductions for tax purposes. 763 0 obj <>/Filter/FlateDecode/ID[<6F5F5BFD42793A4C92AE72F32332519F><2D420D3B107FE94C8F2922FAC5F8103D>]/Index[743 32]/Info 742 0 R/Length 103/Prev 579602/Root 744 0 R/Size 775/Type/XRef/W[1 3 1]>>stream The hospitality industry would prefer to see the federal government give them targeted grants, similar to those provided to the airline industry, Longstreet said. You can narrow your search by industry, location, or company name. PDF Paycheck Protection Program (PPP) Report - Small Business Administration Processed by banks, with JPMorgan in the lead, but mostly by financial technology companies, the loans were for payroll costs and regular business expenses, such as mortgage interest on a business's property. How to See Who Got PPP Loans and the Latest Updates - Market Realist In April 2016, at the height of the deadliest drug epidemic in U.S. history, Congress effectively stripped the Drug Enforcement Administration of its most potent weapon against large drug companies suspected of spilling prescription narcotics onto the nations streets. Each record represents a loan made from a commercial lending bank to a small business and backed by the federal government. The PPP started in the spring of 2020 as part of the U.S. governments efforts to minimize damages caused by coronavirus prevention measures. The Small Business Administration's Paycheck Protection Program loans reached a far more diverse set of business owners in 2021 than it had in 2020. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. Effective: May 31, 2021 Owned by: Office of Capital Access Related Programs: Related programs: PPP Variations of this document Version 19 . How to Check Who's Received EIDL Grants or Loans or PPP Loans State Loan Count; AK - Alaska: 1652: AL - Alabama: 7872: AR - Arkansas Net Dollars. Official websites use .gov The U.S. Treasury and the U.S. Small Business Administration has released PPP loan level data for all loans over $150,000. With the deadline to apply for the Paycheck Protection Program coming just before midnight Tuesday night, senators, led by Marco Rubio (R-Fla.) and Ben Cardin (D-Md. By industry: You can search data at FederalPay.org to learn which companies received PPP loans. "I haven't heard anyone that got that PPP money regretting it or losing clients because of it," said Zachary Milam, a vice president at Mercer Capital, a valuation and consulting firm for financial advisors based in Memphis. 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