Business Owners Share How the PPP Sustained their Companies

Chip Knight, December 16, 2020

Our mission to help clients achieve their financial goals and dreams is something we take to heart. When the COVID-19 pandemic shut down businesses across our region, the dreams of many business owners hung in the balance through no fault of their own. It was our mission – and privilege – to do whatever we could to help our clients, friends and neighbors navigate these unprecedented challenges.

The moment the U.S. Small Business Administration launched its Paycheck Protection Program (PPP) on April 3, Hancock Whitney sprang into action, working around the clock to get critical funding to as many small businesses as we could help. In the time since, we’ve funded more than 13,000 PPP loans totaling over $2.4 billion. What’s more, 80% of the loans were for less than $150,000, so it’s clear the majority of the PPP loans for which we received approval are loans that will help smaller businesses vital to the communities we serve.

For over a century, Hancock Whitney has helped build local economies, and we’re grateful to the businesses that chose us to help them get the funds they needed to keep their doors open, their people employed, and their dreams alive during this pandemic.

We invite you to take a few moments to view these videos and hear our clients’ pandemic stories in their own words.

 

Franklin Avenue Baptist Church

Thriving in its new facility in New Orleans East, Franklin Avenue Baptist Church was forced to temporarily close its doors to the congregation for a few months. 

PPP-Franklin-Ave-Baptist-Church-Subtitles-MP4

 

Varsity Sports

The running store with locations across southeast Louisiana was prepared to celebrate its 20th birthday in 2020, which was shaping up to be its best year ever.

PPP-Varsity-Sports-Subtitles-MP4 - HS Test

 

Joe Morris & Son Funeral Home

This family-owned Pensacola funeral home worked with Hancock Whitney to provide security for the business and its employees.

PPP-Joe-Morris-Son-Funeral-Home-Subtitles-MP4

 

Salute Italian Restaurant

A popular dining destination in Gulfport, Salute enlisted Hancock Whitney to pursue PPP funding in order to provide job security for restaurant employees.

PPP-Salute-Subtitled-MP4

 

Melaco Sisters Hardware & Supplies

The two sisters who own and operate this retail business in Cut Off, La., discuss their pandemic-related challenges and the value of their relationship with Hancock Whitney.

PPP-Melaco-Sisters-Hardware-Subtitled-MP4

 

Chandeleur Island Brewing

One of Mississippi’s first craft brewing operations, Chandeleur Island Brewing had been anticipating a banner year in 2020 with plans for expansion of its Gulfport-based business.

PPP-Chandeleur-Subtitled-MP4

 

YMCA of Ocean Springs

The Ocean Springs YMCA serves a broad swath of the community, from preschoolers to senior citizens, and the COVID-19 pandemic presented a particular set of challenges.

PPP-YMCA-Subtitled-MP4