How many businesses in Mississippi received a PPP loan of $25,000 or under?

By Magnolia State News

Nov 2, 2022

There were 42,413 small businesses in Mississippi which received Paycheck Protection Loans (PPP) of $25,000 or under. These 42,413 businesses received $529,036,227 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 151 businesses.

The largest loan underneath the $25,000 threshold was $25,000, given to New Heights Church of Christ.

The average loan amount provided to Mississippi small businesses was $37,318.

One of the biggest drivers causing inflation, which is currently decimating the U.S. economy, is loans. With more money available to residents through the PPP, the purchasing power of that money is diminished, meaning it takes more money to buy the same amount of goods as before.

Economist Mickey D. Levy argued the PPP and many other assistance programs offered during the COVID-19 pandemic sparked the inflation seen in recent months by boosting the economy beyond what it could reasonably handle.

Roughly $800 billion was injected into the U.S. economy while interest rates were low, causing people to overextend themselves at the time to land in trouble in the future, he claimed.

A 2022 study found that the PPP spent between $169,000 and $258,000 to protect one job. With the average salary of a small-business worker being around $58,000, the study found the program overspent by roughly 75 percent.

Top 100 Mississippi Businesses Which Received PPP Loans $25,000 or Lower

Borrower Name	Loan Amount	Difference From Average Loan Amount in MS
New Heights Church of Christ	$25,000	-$12,318
Mcdowell Realty, LLC	$25,000	-$12,318
Crowsey, Incorporated	$25,000	-$12,318
Hopson Law Firm, PLLC	$25,000	-$12,318
Everlasting Love Childcare & Learning Center, Inc.	$25,000	-$12,318
Dlumps Educational Sports Drama Foundation	$25,000	-$12,318
DND Capital Group, LLC	$25,000	-$12,318
Horizon Orthopaedic Solutions, Inc.	$25,000	-$12,318
Magnolia Electric and Construction, LLC	$25,000	-$12,318
Highway 15 Grill, LLC	$25,000	-$12,318
Westhaven Residential Living, LLC	$25,000	-$12,318
Rodeo Cafe, LLC	$25,000	-$12,318
Abundant Life Christian Church, Inc.	$25,000	-$12,318
Heart to Heart Home Care, LLC	$25,000	-$12,318
Heart to Heart Home Care, LLC	$25,000	-$12,318
Abundant Life Christian Church, Inc.	$25,000	-$12,318
Tuxedo Wearhouse, LLC	$25,000	-$12,318
Special Services, LLC	$25,000	-$12,318
Everlasting Love Childcare & Learning Center, Inc.	$25,000	-$12,318
J & S Automotive Appearance Specialist, LLC	$25,000	-$12,318
Dewitts Collision & Recovery	$25,000	-$12,318
EJW Hauling, Inc.	$25,000	-$12,318
Evans Transport Solution LLS	$25,000	-$12,318
G and K Group, LLC	$25,000	-$12,318
Star Transportation	$25,000	-$12,318
Terry Smith	$25,000	-$12,318
Mindfull, P. A.	$25,000	-$12,318
JGB Plantation Park	$25,000	-$12,318
Divine Connections Transportation	$25,000	-$12,318
Joni Gorden	$25,000	-$12,318
Megapatch Industries, LLC	$25,000	-$12,318
Industrial Automation Surplus, LLC	$25,000	-$12,318
Joseph Enterprises, LLC	$25,000	-$12,318
Safe Way Transport, LLC	$25,000	-$12,318
J Martin, Inc.	$25,000	-$12,318
J Martin, Inc.	$25,000	-$12,318
CMB Enterprises, LLC	$25,000	-$12,318
Oscar Janitorial, LLC	$25,000	-$12,318
EJW Hauling, Inc.	$25,000	-$12,318
Robert D. Voller JR PA, M.D.	$25,000	-$12,318
Blue Ribbon Cleaners, LLC	$25,000	-$12,318
Thao Thanh, LLC	$25,000	-$12,318
The One of One Company, LLC	$25,000	-$12,318
Prairie Mills Feed & Farm, LLC	$25,000	-$12,318
Almsway Development Company, LLC	$25,000	-$12,318
NTL, Inc.	$25,000	-$12,318
NTL, Inc.	$25,000	-$12,318
Shorty Brown Entertainment, LLC	$25,000	-$12,318
Platinum Plus Care	$25,000	-$12,318
Truitts Candyland, LLC	$25,000	-$12,318
Delta Rent All, Inc.	$25,000	-$12,318
Edwards Enterprise, LLC	$25,000	-$12,318
Crowsey Incorporated	$25,000	-$12,318
All About Recovery, Inc.	$25,000	-$12,318
Beth Thomas Properties, LLC	$25,000	-$12,318
Elevate Marketing Group, LLC	$25,000	-$12,318
Coastal Ortho Group, LLC	$25,000	-$12,318
Hazel Properties, LLC	$25,000	-$12,318
Hazel Properties, LLC	$25,000	-$12,318
Banks & Banks, Inc.	$25,000	-$12,318
Insurance Associates of Starkville, LLC	$25,000	-$12,318
Sub2000inc.	$25,000	-$12,318
Oiseys Internationalinc	$25,000	-$12,318
Vets at Work Contracting, Inc.	$25,000	-$12,318
Stewart Development, LLC	$25,000	-$12,318
ABG Contractors, Inc.	$25,000	-$12,318
C&G Sprinkler	$25,000	-$12,318
G and K Group, LLC	$25,000	-$12,318
New Mount Zion MB Church	$25,000	-$12,318
Medwise of MS, Inc.	$25,000	-$12,318
T Tax Services	$25,000	-$12,318
T Tax Services	$25,000	-$12,318
Megapatch Industries, LLC	$25,000	-$12,318
New Jerusalem M B Church	$25,000	-$12,318
Annie B's	$25,000	-$12,318
Tuxedo Wearhouse, LLC	$25,000	-$12,318
Pegasus Builders, LLC	$25,000	-$12,318
Get It N Go Trucking, LLC	$25,000	-$12,318
Seldon Trucking, LLC	$25,000	-$12,318
Vincent H Copeland, P. A., D.D.S.	$25,000	-$12,318
W. Stephen Barry Consulting, Inc.	$25,000	-$12,318
Scott Healthcare Management, LLC	$25,000	-$12,318
LMR Enterprises, LLC	$25,000	-$12,318
Anderson Communications, Inc.	$25,000	-$12,318
Anderson Communications, Inc.	$25,000	-$12,318
We Care Community, Inc.	$25,000	-$12,318
Big River Farms	$25,000	-$12,318
Divine Connections Transportation	$25,000	-$12,318
Nelson Printing, Inc.	$25,000	-$12,318
New Mount Zion Missionary Baptist Church	$25,000	-$12,318
H & H Lumber and Supply, Inc.	$25,000	-$12,318
Sally Kate Winters Family Services	$25,000	-$12,318
Talley Painting, LLC	$25,000	-$12,318
Brooks Group, LLC	$25,000	-$12,318
Renown Management Group, LLC	$25,000	-$12,318
D L Moore & Associates, Inc.	$25,000	-$12,318
JPF Farms Partnership	$25,000	-$12,318
Profleet Semi Truck & Trailer Repair	$25,000	-$12,318
Tea Tree Service, LLC	$25,000	-$12,318
Dipal, Inc.	$25,000	-$12,318