Doctor’s offices, restaurants and car dealers were the top businesses in Mississippi to receive loans from the $2 trillion coronavirus relief package signed into law this spring.
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. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed.
The released data also include information about smaller loan recipients, but excluded 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 larger are only disclosed in ranges. There is not an exact figure because many of these loans are disclosed in ranges.
Below is a chart of the types of businesses receiving the most money in Mississippi:
Some Mississippi borrowers receiving between $5-$10 million in those categories include GI Associates, a gastroenterology group in Flowood, Ridgeland-based law firm Butler Snow, and two restaurant companies, Mid River Restaurants in Natchez and The Retzer Group in Greenville.
Religious groups in the state received between $53 and $80 million, spread across 80 different organizations.
According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs.
The data also included the demographics of borrowers, although two-thirds of the state’s borrowers declined to provide a gender and three-quarters declined to provide a race or ethnicity. Of the Mississippi businesses that did answer, 75 percent were male, and 83 percent were white.
In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. For a full breakdown of which businesses received loans of $150,000 or more, see the tables below:
Disclosure: Mississippi Today sought a Paycheck Protection Program loan, which has been approved and disbursed.