Mississippi PPP loan recipients: See the full searchable list of who received them – Hattiesburg American

Posted: July 13, 2020 at 5:34 pm

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 yet...According to Business Insider, you may be out of luck and too late to receive funding. The US government recently added a second round of $310 billion to PPP loan program. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. 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. 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.

The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more.

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. Otherwise, it carries a 1 percent interest rate and must be repaid within two years.

Search through Mississippi businesses that benefited from the Paycheck Protection Program with our database by searching below. Narrow the list by typing in a business or city name.

Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program.

Known-names across the U.S. include:

The Ayn Rand Institute received a loan and defended it on Twitter.

Restaurant chains like P.F. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did.

Internationally, South Korean airline Korean Air received a PPP loan.

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.

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.

John Farrell, a Republican donor and real estate developer also received a PPP loan.

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.

The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans.

Grace Pateras and Joe Harrington contributed to this story.

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Mississippi PPP loan recipients: See the full searchable list of who received them - Hattiesburg American

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