Doctor’s offices, restaurants and car dealerships were the top businesses in Mississippi to receive loans from the $2 trillion coronavirus relief package signed this spring.
The US Treasury Department published the names of 650,000 businesses that received loans of $150,000 or more on Monday under the Paycheck Protection Program (PPP) designed to help small businesses, including nearly 4,000 in Mississippi. The program is part of the Coronavirus Aid, Relief and Economic Security Act signed by President Donald Trump.
The published data also includes information on small loan recipients, but excludes their names. In total, Mississippi businesses received between $2.5 billion and $4.4 billion in loans, spread across 45,000 recipients — loans of $150,000 or more are only disclosed in tranches. There is no exact figure as many of these loans are disclosed within ranges.
Below is a chart of the types of businesses receiving the most money in Mississippi:
Some Mississippi borrowers receiving between $5 million and $10 million in these categories include GI Associates, a gastroenterology group in Flowood, the Ridgeland-based law firm Butler Snow, and two restaurant companies, Mid River Restaurants in Natchez and The Retzer. Group in Greenville.
Church groups in the state received between $53 million and $80 million, split among 80 different organizations.
According to the dataset, these loans will allow businesses to retain a total of 412,492 jobs.
The data also included borrower demographics, although two-thirds of state borrowers declined to provide a gender and three-quarters declined to provide a race or ethnicity. Of the Mississippi businesses that responded, 75% were male and 83% were white.
In Mississippi, 17 companies received loans between $5 million and $10 million, the highest funding range. For a full breakdown of businesses that received loans of $150,000 or more, see the tables below:
Disclosure: Mississippi Today applied for a Paycheck Protection Program loan, which was approved and disbursed.